Bitcoin vs Gold: Star investor Cathie Wood comments on the better investment and recommends Bitcoin as a safe haven.

Bitcoin vs Gold: Star investor Cathie Wood comments on the better investment and recommends Bitcoin as a safe haven.

According to a report by www.deraktionaer.de,

There has been a debate for a long time as to whether Bitcoin or gold is the better investment. According to star investor Cathie Wood, the arguments have shifted in favor of the cryptocurrency since the launch of Bitcoin ETFs. It remains ultra-bullish and sticks to its bold price predictions.

According to Wood, Bitcoin rose 40 percent during the regional banking crisis in March last year, at the same time as the regional banking index imploded. This year, she sees a similar pattern with a correction following the launch of eleven ETFs, followed by another rise in the Bitcoin price. She interprets this as a sign that Bitcoin fulfills the function of a safe haven.

In addition, in her base scenario, Wood assumes a Bitcoin price in the range of $600,000 by 2030, and in the most bullish case even up to $1.5 million. However, despite Bitcoin's strong performance in recent years, she also emphasizes the volatility of the cryptocurrency and recommends keeping gold at least in a small proportion as an addition to your portfolio.

This development could have an impact on both the cryptocurrency market and the gold market. With the increasing interest in Bitcoin ETFs and Cathie Wood's prediction, investors could increase their investment in Bitcoin, which could lead to an increase in the price of Bitcoin. At the same time, this could lead to a reduction in demand for gold as a traditional safe haven.

So the crypto and precious metals markets could continue to move in the coming years as the relationship between Bitcoin and gold changes. However, it remains to be seen whether Wood's predictions will come true and how the markets will react.