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TechFlow news: On February 1, ARK Invest founder and CEO Cathie Wood stated on social media that, contrary to current market consensus, Bitcoin, Ethereum, Solana, and potentially Hyperliquid are all effective portfolio diversification tools. She noted that since early 2020, Bitcoin’s correlation with gold prices has been very low—just 0.14—and in the past two Bitcoin bull markets, gold prices moved ahead of Bitcoin.
Cathie Wood, Founder and CEO of ARK Invest, posted on social media stating that, contrary to current market consensus, Bitcoin, Ethereum, Solana, and potentially Hyperliquid are all effective portfolio diversification tools. She noted that since early 2020, Bitcoin’s correlation with gold prices has been very low—just 0.14—and during Bitcoin’s last two bull markets, gold prices led Bitcoin’s price movements.
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