Bitcoin Reclaims Upper Hand Against Gold, Cathie Wood Says Turn Is In

Cathie Wood, the CEO of ARK Invest, has stated that Bitcoin has outperformed gold since mid-August, with a gain of over 30% compared to a decline of almost 5% for gold.

According to Wood, the correlation between Bitcoin and gold has recently turned negative, indicating that the two assets are moving in opposite directions.

Wood tied her view to a wider call on inflation, pointing to the latest Personal Consumption Expenditures (PCE) report, which showed headline inflation at 3.4% year-over-year in August, down from 3.7% prior to a revision.

Citi recently raised its 12-month Bitcoin target to $113,000, which is still below Bitcoin's record of over $126,000 in October 2025.