{"id":10467,"date":"2024-02-06T16:19:00","date_gmt":"2024-02-06T14:19:00","guid":{"rendered":"https:\/\/forklog.com\/en\/cathie-wood-etfs-shift-investor-focus-from-gold-to-bitcoin\/"},"modified":"2024-02-06T16:19:00","modified_gmt":"2024-02-06T14:19:00","slug":"cathie-wood-etfs-shift-investor-focus-from-gold-to-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cathie-wood-etfs-shift-investor-focus-from-gold-to-bitcoin\/","title":{"rendered":"Cathie Wood: ETFs Shift Investor Focus from Gold to Bitcoin"},"content":{"rendered":"<p>Bitcoin is increasingly replacing gold as a capital preservation asset, a trend likely to continue with the advent of <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">exchange-traded funds (ETFs)<\/a>. This was stated by ARK Invest CEO Cathie Wood.<\/p>\n<p><iframe loading=\"lazy\" width=\"1170\" height=\"688\" src=\"https:\/\/www.youtube.com\/embed\/hFg1TMACw4I\" title=\"Big Ideas 2024 | ITK with Cathie Wood\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>To support her claim, Wood presented a chart comparing bitcoin to gold.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-903.webp\" alt=\"1-903\" class=\"wp-image-225474\"\/><figcaption class=\"wp-element-caption\">Data: ARK Invest.<\/figcaption><\/figure>\n<p>According to the ARK Invest CEO, an exchange-traded fund offers a simple and unobstructed way to acquire the leading cryptocurrency.<\/p>\n<p>Wood noted that digital gold serves as a safe-haven asset for investors seeking &#8220;quality&#8221; during times of economic uncertainty.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Last year, during the<\/em><em> <\/em><em>banking crisis in the US<\/em><em>, bitcoin surged by 40% [\u2026]. Currently [amid<\/em><a href=\"https:\/\/www.reuters.com\/markets\/us\/us-regional-bank-sell-off-cautionary-sign-more-pain-come-2024-02-02\/\"><em> <\/em><em>issues at NYCB<\/em><\/a><em>] we see it gaining momentum again,&#8221;<\/em> she emphasized.<\/p>\n<\/blockquote>\n<p>The ARK Invest CEO explained the price correction of the leading cryptocurrency following the ETF launch as a &#8220;sell the news&#8221; event.<\/p>\n<p>Earlier, company experts predicted bitcoin could reach $120,000 to $2,300,000 by the end of 2030.<\/p>\n<p>Previously, Wood forecasted the price of digital gold <a href=\"https:\/\/forklog.com\/en\/news\/cathie-wood-predicts-bitcoin-could-reach-1-5-million-by-2030\">could rise to $1.5 million by 2030<\/a> under a bullish scenario.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is increasingly replacing gold as a capital preservation asset, a trend likely to continue with the advent of exchange-traded funds (ETFs). This was stated by ARK Invest CEO Cathie Wood. To support her claim, Wood presented a chart comparing bitcoin to gold. Data: ARK Invest. According to the ARK Invest CEO, an exchange-traded fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1218,18,536,1138],"class_list":["post-10467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ark-invest","tag-bitcoin","tag-gold","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"61","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10467"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10466"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}