Cathie Wood: Bitcoin will continue to strengthen relative to gold, while gold faces downward pressure.

BlockBeats news, November 8 — ARK Invest founder Cathie Wood (Wood Sister) stated on this week's "In The Know" program that Bitcoin will continue to strengthen relative to gold, while gold prices face downward pressure. She pointed out that since 2019, the correlation between Bitcoin and gold has been only 0.1, indicating almost no relationship, and the correlation between the two has alternated between positive and negative, so Bitcoin does not necessarily follow when gold falls.

Wood also displayed the Bitcoin to Gold Ratio chart during the program and emphasized that Bitcoin's property as "digital gold" does not mean it must move in the same direction as gold. This judgment is consistent with her repeated statements on ARK programs in September and October this year, as she has recently continued to emphasize the breakout logic of Bitcoin relative to gold.