ARK Invest CEO Cathie Wood said the financial markets are likely to get upwards up in the midst of a change in the macro landscape.
In a new video update on YouTube, Wood says that the markets are moving away from fears concerning interest rates, capital concentration and high assessments.
“We are really delighted with the way the market is starting to shake three opposite winds: interest rates, narrowness of the market and evaluation. And we believe that we are configured here for significant upward surprises. Like many strategists and economists fear that we are going to a recession, we will talk more and more about this next month. ”
By looking at Bitcoin, Wood shares a BTC painting at the price of gold which seems to show a major trend in the last decade.
According to the investor, Bitcoin is ready to regain his upward trend against gold after a correction during the recent gathering of the precious metal to the new heights.
“Parabolic gold has lowered this ratio, but you will notice that it has not broken the upward trend that is in place and that we think we are in place. Bitcoin has acted more like a risky asset in recent market correction. It behaved like Nasdaq, unlike gold, but we think that it did not go to this trend line because the price of the Bitcoin of the last year. “
At the time of writing, Bitcoin is negotiated at $ 94,661.
https://www.youtube.com/watch?v=m2i-ffbmnvg
Follow us X,, Facebook And Telegram
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
