"Wood Sister": Bitcoin is an important asset reflecting three major transformations, and its low correlation with gold will promote diversification of its attributes.

BTC-4.78%

BlockBeats News, February 10 — Cathie Wood, “Woodie,” stated in her latest podcast that Bitcoin is not a “digital gold” in the traditional sense, and therefore does not behave like gold in the short term. Since 2019, the correlation coefficient between Bitcoin and gold returns has been only 0.14. This is precisely the value of Bitcoin as a diversified asset: low-correlation assets can enhance the risk-adjusted returns of the overall investment portfolio. She pointed out that the key to successful diversification is adding low-correlation new assets, and Bitcoin meets this criterion.

Additionally, Cathie Wood defines Bitcoin as an asset embodying “three revolutions in one”:

A global digital and private currency system;

Adding a new layer to the internet stack, supporting native currencies and agentic commerce;

A completely new asset class (represented by Bitcoin as the most secure and largest network among cryptocurrencies).

She said that Bitcoin is in the early stage of an innovative S-curve, and like all disruptive technologies in history, it experiences intense volatility and frequent pullbacks, but this is a normal part of growth rather than a sign of ending.

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