Ark Invest CEO Cathie Wood says that financial markets are probably looking for surprises to the benefit in the midst of a shift in the macro landscape.
In a new video update from YouTube, Wood says that markets are taking away fears about interest rates, concentration of capital and high valuations.
“We are very enthusiastic about how the market starts to shake off three headwinds: interest rates, a new interest in the market and the appreciation. And we think we are being set up here for a number of important surprises for the upward. Since many strategists and economists are worried that we have a recession more.”
Looking at Bitcoin, Wood shares a graph of BTC priced in gold that seems to show a big uptrend in the past decade.
According to the investor, Bitcoin is ready to resume his upward versus gold after a correction during the recent rally from the precious metal to new highlights.
“Gold Going Parabolic has recorded this ratio, but you will find that it has not broken the in place and that we think that it will continue to exist. Bitcoin has worn more as a risk-on assets in the recent correction of the market. It behaved like the Nasdaq, but we believe that it was normal to correct the Bitcoin line because the Bitcoin line because the Bitcoin line because ”
At the time of writing, Bitcoin acts for $ 94,661.
https://www.youtube.com/watch?v=M2iFFBMNVG
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