Cathie Wood, CEO of ARK Invest, has recommended shifting investments from gold to Bitcoin, citing the current macroeconomic environment. In a recent podcast, Wood noted that gold's price relative to the M2 money supply is at a historical high, suggesting it is "priced for the worst-case scenario" and may face a correction. She highlighted Bitcoin's potential, stating it is still in its early stages and presents a more attractive investment opportunity.
Wood reiterated her bullish outlook for Bitcoin, setting an ambitious price target of $1.5 million by 2030. Her comments reflect a growing sentiment among investors considering Bitcoin as a viable alternative to traditional assets like gold, especially in a landscape of expanding monetary supply and abundant liquidity.
Cathie Wood Advocates Bitcoin Over Gold, Eyes $1.5 Million Target by 2030
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