ARK Invest CEO Cathie Wood says that Bitcoin (BTC) is likely to continue surging higher based on its performance against one red-hot commodity.
In a new YouTube update, Wood shares a Bitcoin-to-gold chart that she says is still in an uptrend, partially due to BTC’s “anti-fragile” nature in recent years.
“This uptrend has not been broken. Again, this aligns with the net bullish risk-on kind of market that we think we’re in, and I guess you could call the markets anti-fragile, which is a description used in Bitcoin. It’s been able to withstand all kinds of turmoil and we think that the markets, the equities markets, are following Bitcoin in this regard.”
Source: ARK Invest/YouTube
Wood is also optimistic about the crypto industry given regulatory
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