Wood: Bitcoin to Outshine Gold as Ratio Hits New Highs

Cathie Wood, an influential investor and founder of ARK Invest, has once again expressed her bullish views on Bitcoin. According to her, Bitcoin is a technological revolution that will fundamentally outperform gold in the long run. Unlike traditionalists who cling to gold, Wood sees Bitcoin as a new global monetary system.

She also points out that Bitcoin's volatility makes it a 'risk-on' and 'risk-off' hybrid asset. This means it can profit from the 'creative destruction' coming to the AI and software sectors. Gold, on the other hand, is losing its edge as the Bitcoin-gold ratio heads for all-time highs.

Wood's views come at a time when many investors are reevaluating their portfolios in response to rising inflation and market volatility. While some may see gold as a safe-haven asset, Wood believes that Bitcoin's potential is being underestimated by traditionalists who rely on gold.