Cathie Wood Forecasts Bitcoin Outperformance Over Gold Despite Recent Crypto Pullback

ARK Invest CEO Cathie Wood reiterated her conviction that Bitcoin will outperform gold, projecting downward pressure on gold prices while digital assets advance. The outlook comes despite recent counter-moves following U.S. midterm elections, where gold climbed about 1.7% to $4,141 per ounce while Bitcoin slipped below $75,000, touching $73,700 amid over $1 billion in leveraged crypto liquidations. Both assets remain down over 7% year-to-date. Currently, one Bitcoin buys roughly 18.1 ounces of gold, up from 17.8 ounces in mid-September, with their correlation standing at just 0.1 since 2019.