Ark Invest founder Cathie Wood pitched cryptocurrencies as “diversifiers” in the current market on Saturday, pointing to historical data showing gold price rallies before Bitcoin's (CRYPTO: BTC) bull run. What Do Gold Trends Signal For Bitcoin?
Cathie Wood Notes Bullish Moves In Gold Led Bitcoin Bounces In Last 2 Major Cycles, Calls These Cryptos 'Good Diversifiers'
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Ark Invest founder Cathie Wood calls cryptocurrencies 'good diversifiers' and says on Saturday that historical data show gold price rallies preceded Bitcoin bounces in the last two major cycles.
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