Cathie Wood Notes Bullish Moves In Gold Led Bitcoin Bounces In Last 2 Major Cycles, Calls These Cryptos 'Good Diversifiers'
Market Intelligence Analysis
AI-PoweredCathie Wood, founder of Ark Invest, suggests that cryptocurrencies like Bitcoin can serve as diversifiers in the current market, citing historical data that shows gold price rallies preceding Bitcoin's bull runs.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Ark Invest founder Cathie Wood pitched cryptocurrencies as “diversifiers” in the current market on Saturday, pointing to historical data showing gold price rallies before Bitcoin’s (CRYPTO: BTC) bull run. What Do Gold Trends Signal For Bitcoin? In an X post, Wood noted Bitcoin’s low correlation with gold returns since early 2020, citing research from her firm. She also highlighted that gold price movements preceded the last two “significant bull moves” in Bitcoin’s price. Also important to note
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