Cathie Wood sends blunt message after Bitcoin crashes

Group 1 - ARK Invest CEO Cathie Wood is recognized for her insights into the crypto market, having been an early investor in Bitcoin since 2015 [1][2] - Despite initial criticism, ARK Invest's confidence in Bitcoin has proven beneficial, with projections estimating the cryptocurrency's price could reach $1 million by 2030 [2] - Wood continues to invest in various crypto companies, indicating a strong belief in the sector's potential [3] Group 2 - An analysis by ARK Invest highlights that gold's market cap currently stands at 170% of the U.S. M2 money supply, marking an all-time high [4] - Historical context suggests that such peaks in gold prices often occur during economic stress and can signal significant market turning points [6] - The correlation between Bitcoin and gold prices has been low at 0.14 since early 2020, indicating that they do not typically move in tandem [7]