BlockBeats News, February 3 — Asset management firm ARK Invest CEO Cathie Wood, known as “Wood姐,” recently stated on the podcast “The Rundown” that the current price of gold relative to M2 money supply has hit a record high, surpassing levels seen during the high inflation of the 1970s or the Great Depression of the 1930s (when extreme currency collapse or hyperinflation occurred). But now the macro environment is different: money supply expansion, no economic collapse, ample liquidity → gold is “pricing in the worst case/fear,” in a phase of “irrational exuberance,” and is likely to pull back. But Bitcoin is different; it is still in its emerging stage, “if I were a risk-tolerant investor, I would choose to shift from gold to Bitcoin now.”
Additionally, Cathie Wood reiterated her optimistic target price for Bitcoin by 2030 at $1.5 million.
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