Cathie Wood Says Bitcoin’s Correlation With Gold Is Low; Recommends BTC, ETH, SOL
ARK Invest founder Cathie Wood said on X that Bitcoin’s price has shown a persistently low correlation with gold since early 2020 — roughly 0.14 — contradicting the common view of gold and BTC moving together. She suggested diversified crypto allocations could include Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and “hyperliquid” assets. Wood also noted that historically gold led Bitcoin in the past two BTC bull cycles. Her comments position BTC, ETH and SOL as potential diversification choices rather than safe-haven proxies. (This article provides market information and is not investment advice.)
Neutral
Cathie Wood’s comments are informational rather than market-moving: she highlights a low statistical correlation (0.14) between Bitcoin and gold and recommends BTC, ETH and SOL as diversification options. This is unlikely to trigger immediate large directional moves because it lacks new on-chain events, regulatory developments or macro data. However, the endorsement from a high-profile investor can support positive sentiment for BTC, ETH and SOL over time, particularly among retail investors and allocators considering crypto for diversification. Short-term impact: likely neutral to mildly bullish on sentiment-driven volume in the mentioned tokens. Long-term impact: could modestly increase interest in BTC and major altcoins as portfolio diversifiers, supporting gradual price appreciation if capital inflows follow. Historical parallels: endorsements by well-known investors (e.g., Michael Saylor, Paul Tudor Jones) have tended to lift sentiment and inflows but not guarantee sustained rallies without broader macro or liquidity catalysts.