Bitcoin's Turn Against Gold Is Here, Says Cathie Wood
- —Wood says the turn in Bitcoin's favour has arrived
- —ARK puts BTC-gold correlation since 2019 at about 0.1
- —The ratio can rise even when Bitcoin's dollar price falls
- —Gold dropped roughly 4% on September 28
Why it matters: If Bitcoin holds its relative gains while gold recovers, that would be stronger evidence of Bitcoin's own strength than a ratio lifted mainly by weakness in the metal.
Source: Coindoo