CandleFocus Cathie Wood predicts Bitcoin’s $2t market cap will soon flip gold after hitting $100k milestone
2024-12-05
Author: Content Editor
The founder and CEO of ARK Investment Management, Cathie Wood, believes that Bitcoin has the potential to surpass gold in terms of market value. Wood reacted to comments made by Federal Reserve Chair Jerome Powell, who described Bitcoin as a virtual version of gold. Wood noted that gold currently has a market cap of around $15 trillion, while Bitcoin's market cap recently reached $2 trillion. She concluded that Bitcoin is still in its early stages and has room for further growth. Bitcoin recently broke through the $100,000 mark for the first time in history, further highlighting its potential.
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