Cathie Wood Says Bitcoin and Gold Have Had Almost No Correlation Since 2019

Cathie Wood () says Bitcoin ($BTC) and gold have behaved largely independently since 2019, despite both being viewed as stores of value.
- The two assets have recorded a correlation of just 0.1 since 2019, indicating very little correlation.
- Both can serve as stores of value, although their characteristics and market behavior differ.
- Wood highlights Bitcoin's convenience as a form of digital gold, particularly when held in cold storage, without the need to physically store gold bars.
The comparison highlights how Bitcoin and gold can serve similar roles in some portfolios while responding differently to market conditions.