Cathie Wood Notes Bullish Moves In Gold Led Bitcoin Bounces In Last 2 Major Cycles, Calls These Cryptos ‘Good Diversifiers’

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.

Wood Says Cryptos Are ‘Good Diversifiers’

In response to inquiries about where to invest in the current market, Wood suggested Bitcoin, Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL) as “good …

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