Cryptocurrency investor Cathie Wood, CEO of ARK Invest, has been a key figure in understanding market dynamics. Wood was an early adopter of Bitcoin in 2015 when it was under $500, despite facing criticism. ARK Invest predicts Bitcoin to reach $1 million by 2030, showcasing Wood’s foresight. Wood remains active, investing in top crypto companies like Coinbase and Block.

In response to Bitcoin’s recent crash below $80,000, ARK Invest’s Lorenzo Valente shared an analysis on gold’s market cap relative to the US money supply. Currently at an all-time high, this situation historically signals economic stress. Despite Bitcoin and gold’s differing price movements, past rallies show a relationship between the two assets during bull runs.

However, recent market trends have shown that Bitcoin did not capitalize on the ‘debasement trade’ narrative, failing to respond to gold and silver’s upward surge. While gold hit record highs, Bitcoin struggled to recover from previous flash crashes, trading at a significant discount from its all-time high. The entire crypto market cap has also decreased by 7% at present.

Read more at Yahoo Finance: Cathie Wood sends blunt message after Bitcoin crashes