Now that Bitcoin is below $80,000, Cathie Wood is reframing the gold narrative

Bitcoin fell again and big bulls are talking. According to the ARK Invest team, the withdraw after a rapid run is part of a broader picture that combines gold, money supply measures and investor flows. The markets are messy now. That doesn’t mean long-term stories are dead.

Cathie Wood’s long look

Based on reportsCathie Wood has made a public, firm bet on crypto for years, buying assets and shares in companies tied to digital tokens when prices were much lower. Her company took early positions with exchange operators and fintech companies that provide crypto access.

Reports point to ARK’s valuation work and scenarios that place Bitcoin well above current prices by 2030, under certain adoption assumptions. Those predictions are not promises. They are models with many moving parts.

Also important to note is that the correlation between the bitcoin and gold prices since the beginning of 2020 is 0.14, and the gold price has led the last two significant bull moves in the bitcoin price in the last two major cycles. https://t.co/kxZEHhbBVJ

— Cathie Wood (@CathieDWood) January 31, 2026

Gold and the Degrading Trade

Reports say ARK’s research director compared the market value of gold to the US M2 money supply and found values ​​at levels not seen since the 1930s and around the same era as 1980.

Historically, those kinds of extremes have preceded a major turnaround in the gold price. Some traders remember a 60% drop from the 1980 peak. These are facts that deserve a second look. However, they do not directly translate into a prediction for Bitcoin.

Bitcoin and gold don’t always move together. Based on reports, the historical correlation is low: about 0.14 since the beginning of 2020. That number means that daily price movements are rarely in sync.

But during previous major rallies the profit of gold were followed by a strong leg for Bitcoin. This time the series stopped. Precious metals spiked and then retreated sharply, but capital did not flow into crypto as some expected. That raises questions about who moves money and why.

Market movements and what to watch next

Bitcoin fell to $78,150 at the time of this report. The top crypto asset reached levels that many traders are watching closely after a flash crash last October. It is now more than 35% below the peak it reached on October 6, 2025, and volatility is high.

Different roles, different clocks: ARK’s take on Bitcoin and gold

Overall, ARK’s position remains consistent. Reports indicate that the company still views Bitcoin as a long-term asset tied to adoption and network growth, even during sharp declines.

Gold, on the other hand, is being watched for signs of depletion after an extreme run linked to money supply fears. According to ARK, the two assets play different roles, move on different clocks and should not be judged solely on short-term price action.

Featured image from Unsplash, chart from TradingView

Editing process for bitcoinist is focused on providing thoroughly researched, accurate, and unbiased content. We have strict sourcing standards and every page is carefully reviewed by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance and value of our content to our readers.