ARK Invest CEO Cathie Wood noted a low correlation between Bitcoin and gold, with a correlation coefficient of just 0.14 since 2019. Wood observed that gold often rises before Bitcoin, suggesting this pattern might recur. Despite Bitcoin's recent drop to around $60,000, nearly half its October peak, ARK Invest has been gradually purchasing cryptocurrency-related stocks. Wood emphasized the importance of entering the market in batches amid extreme negative sentiment, based on their research assessments.