Cathie Wood issues bullish Bitcoin prediction against gold Anand Sinha Wed, November 11, 2026 at 4:15 PM EST 3 min read BTC-USD +0.86% GC=F -0.94% Trade BTC on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
ARK Invest CEO Cathie Wood says her firm was among the first investment firms to gain Bitcoin (BTC) exposure.
When she disclosed in 2018 that ARK was the first public asset manager to gain Bitcoin exposure in 2015, it invited a lot of criticism from the industry. In 2015, the cryptocurrency wasn't worth even $500 but it has proven to be a successful investment despite the recent setback.
Now, the veteran investor has issued a bullish Bitcoin call.
In the Nov. 7 episode of "In The Know," Wood said Bitcoin is set to surge relative to gold as the precious metal is headed lower.
Regarding whether Bitcoin would be treated like "digital gold" and thereby sink, she said the evidence is contrary to such a thesis.
Analyzing the Bitcoin-gold ratio, she said there has been no correlation between the two assets since 2019.
Bitcoin's correlation with gold measures how closely the leading cryptocurrency tracks the precious metal's price movements, offering clues about whether investors are increasingly treating both assets as alternatives to traditional currencies.
A correlation of 1 means Bitcoin perfectly tracks gold. But a correlation near zero translates to no imitation of price charts.
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In fact, the Bitcoin-gold correlation has been negative of late, Wood reminded. The correlation has fluctuated between positive and negative over time, she added.
Over the last year, Bitcoin has declined 27% and gold has declined 4%. Over the last month, Bitcoin has lost 10% of its value and gold has lost 3%.
Despite Bitcoin declining more sharply than gold, Wood is more bullish on the cryptocurrency.
In April 2025, ARK predicted that by 2030, Bitcoin will hit $1.5 million in a bullish case, $710,000 in a base case, and $300,000 in a bearish case.
Following the flash crash in October 2025, the firm revised its target the next month. ARK's projections in November 2025 put Bitcoin's price at $1.2 million in its bull case, $600,000 in its base case, and $500,000 in its bear case by 2030.
Gold was trading at $3,997 at the time of writing. BTC was writing at $74,454 at the time of writing, as per Decibel.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research before making any investment decisions.
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Related: Rothschild Investment discloses Bitcoin, XRP exposure
This story was originally published by TheStreet on Nov 11, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
