coin-img-ETHETH-8.78%coin-img-HYPEHYPE-0.93%coin-img-XAUTXAUT-1.47%coin-img-ASTERASTER-5.85%coin-img-BTCBTC-5.01%coin-img-SOLSOL-8.13%coin-img-XRPXRP-2.62%coin-img-USDCUSDC-0.07%coin-img-ETHETH-8.78%coin-img-HYPEHYPE-0.93%coin-img-XAUTXAUT-1.47%coin-img-ASTERASTER-5.85%coin-img-BTCBTC-5.01%coin-img-SOLSOL-8.13%coin-img-XRPXRP-2.62%coin-img-USDCUSDC-0.07%coin-img-ETHETH-8.78%coin-img-HYPEHYPE-0.93%coin-img-XAUTXAUT-1.47%coin-img-ASTERASTER-5.85%coin-img-BTCBTC-5.01%coin-img-SOLSOL-8.13%coin-img-XRPXRP-2.62%coin-img-USDCUSDC-0.07%coin-img-ETHETH-8.78%coin-img-HYPEHYPE-0.93%coin-img-XAUTXAUT-1.47%coin-img-ASTERASTER-5.85%coin-img-BTCBTC-5.01%coin-img-SOLSOL-8.13%coin-img-XRPXRP-2.62%coin-img-USDCUSDC-0.07%

Cathie Wood says BTC, ETH, SOL and HYPE may help diversify after gold pullback

ARK Invest CEO Cathie Wood said on Feb. 1 that Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and HYPE may serve as diversification options for investors weighing portfolio allocations following a pullback in gold, BlockBeats reports. Wood said the relationship between Bitcoin and gold prices has remained persistently low since early 2020, citing a price correlation of 0.14 over that period as evidence the two assets have not closely tracked each other in recent years. She also said that in the past two Bitcoin bull cycles, gold led Bitcoin's rise, with gains in the metal preceding subsequent advances in the cryptocurrency. Wood emphasized her stance diverges from prevailing market consensus and presented the remarks as her personal view in response to investor questions.
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