Cathie Wood Says Bitcoin's 'Break Out' From Gold Is 'Very Reassuring': Ark CEO Says BTC Has 'Miles to Go' for This Reason

Ark Invest CEO Cathie Wood has reaffirmed her long-term bullish outlook on Bitcoin, highlighting the digital asset's recent breakout relative to gold as a reassuring indicator of future growth. Speaking during Ark Invest's "In The Know" market commentary segment, Wood pointed out that the correlation between Bitcoin and gold is historically low. She posited that gold rallies often precede Bitcoin bull runs, noting similar historical precedents observed during the 2020–2021 and 2024–2025 market cycles. Wood emphasized Bitcoin's unique position as both a risk-off and risk-on asset, describing it as a technological revolution, a new monetary framework, and a distinct asset class. Furthermore, she reiterated Ark Invest's base-case price target of $730,000 for Bitcoin by 2030, framing the digital currency as an indispensable wealth insurance policy against macro and technological disruption. Despite lingering year-to-date losses, Bitcoin gained over 21% in the trailing 30-day period, outpacing spot gold and indicating strong momentum.