In a recent video, ARK Invest CEO Cathie Wood addressed market concerns about an AI bubble, the cryptocurrency crash, and the macroeconomy. She pointed out that while Bitcoin recently fell to $60,000 and has a very low correlation with gold (0.14), a rise in gold prices often foreshadows a cryptocurrency price surge. ARK has increased its holdings of crypto-related stocks during the recent panic. Wood explicitly listed Bitcoin, Ethereum, and Solana as "The Big Three" in the crypto space and reiterated that Bitcoin represents a revolution combining monetary systems, technology, and a new asset class.
Cathie Wood: Bitcoin, Ethereum, and Solana Established as the "Big Three"
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