BlockBeats News, February 8 — ARK Invest CEO Cathie Wood, known as “Wood姐,” stated, "Bitcoin once dropped to around $60,000, nearly halving from its October high. By calculating the return correlation between Bitcoin and gold since 2019, the correlation coefficient is only 0.14, indicating almost no correlation. Gold often rises before Bitcoin, and this situation may occur again.
We disclose our trading activities daily, showing that we have been gradually and modestly buying crypto-related stocks. We don’t know how long the decline will last, nor can we guarantee it has ended, but when negative sentiment is so extreme, if our research and judgment are correct, we should enter in batches and gradually increase our positions."
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