Cathie Wood: Still Bullish on Bitcoin's Performance Relative to Gold

Odaily Report: ARK Invest founder Cathie Wood remains bullish on Bitcoin's performance relative to gold, despite Bitcoin's recent price weakness. She expects Bitcoin to deliver better returns relative to gold in the future and believes gold prices will decline going forward. Data shows that since 2019, the correlation coefficient between Bitcoin and gold has been only 0.1, indicating that their price movements do not necessarily move in sync.