Ark Invest founder Cathie Hout on Saturday promoted cryptocurrencies as “diversifiers” in the current market, pointing to historical data showing the gold price rose previously Bitcoins (CRYPTO: BTC) running of the bulls.
What do gold trends signal for Bitcoin?
In an X-post, Wood noted Bitcoin’s low correlation to gold returns since early 2020, citing: research from her company.
She also highlighted that the gold price moves preceded the last two “significant bull moves” in the price of Bitcoin.
Wood says cryptos are “good diversifiers.”
The counterargument
As shown in the chart below, gold preceded Bitcoin’s bull market in the 2020-2021 cycle and again in 2024-25. In today’s market, the yellow metal rose to an all-time high of $5,590 before a sharp correction dragged it to $4,600.
Widely followed cryptocurrency analyst Benjamin Cowshowever, was not convinced.
He argued that parabolic rallies in precious metals typically lead to a decline in risky assets.
“You only look at the past decade, when you look at gold in a more historical context [before BTC was created]There are numerous times when, following parabolic rallies in the metals, this immediately led to deep corrections in risky assets,” Cowen added, citing data from the 1973 and 2008 crises.
Cowen also said that Bitcoin’s rally peaked in October and has been in a bear market ever since.
Price promotion: At the time of writing, BTC was exchanging hands at $75,391.06, down 4.43% in the past 24 hours, according to data from Benzinga Pro.
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