Gold is considered a safe bet for many households, while Bitcoin is seen as a risky, volatile asset that even Warren Buffett dislikes. However, Wall Street investor Cathie Wood feels the “turn is in” for the cryptocurrency now against the precious metal.
Bitcoin has outpaced gold since August, and ARK Invest Chief Executive Officer (CEO) Cathie Wood said that the move in the Bitcoin-to-gold ratio is a very nice turn. Speaking on the latest episode of the In the Know podcast last week, she said, “Ironically, Bitcoin's known as digital gold for its store of value characteristics.”
