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Cathie Wood: Bitcoin Still Has Miles to Go After Gold-Ratio Breakout

Guavy AI Editorial Team
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BTC
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ARK Invest CEO Cathie Wood has reaffirmed her firm's bullish stance on Bitcoin. According to Wood, Bitcoin still has 'miles to go' after a recent gold-ratio breakout. This breakout refers to Bitcoin's price surpassing that of gold.

Wood's comments suggest that she believes Bitcoin's value is increasing relative to traditional assets like gold. The gold ratio is often used as a measure of an asset's store-of-value proposition, with higher ratios indicating greater trust and confidence in the asset. Wood's remarks are significant given her firm's long-held institutional thesis on Bitcoin.

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