Cathie Wood, CEO, Asserts 'Bitcoin Represents Three Revolutions' in Bullish Stance

On the 7th, Cathie Wood, CEO of Ark Invest, conveyed in a video message to investors that 'the more pessimistic the market, the more interesting it becomes,' presenting the significant drop in Bitcoin as an investment opportunity. Wood first addressed the expected digital gold, Bitcoin, and its correlation with gold (Gold) since 2019, which is merely 0.14, indicating almost no correlation between the two. She argued that this low correlation is crucial in investment strategy and key to diversification of assets. This is why institutional investors, aiming to maximize risk-adjusted returns, are serious about Bitcoin.