‘Sell Gold, Buy Bitcoin’: Cathie Wood Makes The Rotation Call

2 hours ago

ARK Invest CEO Cathie Wood said she would “make a

‘Sell Gold, Buy Bitcoin’: Cathie Wood Makes The Rotation Call

‘Sell Gold, Buy Bitcoin’: Cathie Wood Makes The Rotation Call

ARK Invest CEO Cathie Wood said she would “make a shift from gold into Bitcoin” after gold’s run left the metal looking extended on a key liquidity-adjusted measure, arguing that bitcoin’s supply dynamics and long-term adoption case still favor the crypto asset despite a sluggish year.

Bitcoin remains above the 1.0 Fibonacci level, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image from YouTube, chart from TradingView.com

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