ChainCatcher News, asset investment management company ARK Invest CEO Cathie Wood responded to investors’ concerns about “confusion in investment directions after the gold correction” by saying, “Contrary to the current mainstream view, (personally) I believe that Bitcoin, Ethereum, Solana, and HYPE might serve as good diversification options. Since early 2020, the correlation between Bitcoin prices and gold prices has been very low, only 0.14. In the past two Bitcoin bull markets, gold has led the rise of Bitcoin.”
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