The real market bubble: why Cathie Wood is highlighting gold rather than AI

GasOptimizer · 2026-02-09T11:02:35+00:00

Cathie Wood of d'ARK Invest disputes concerns of a tech bubble, arguing that the real threat lies in the overvaluation of precious metals. She points out that corrections in the gold and silver markets indicate concerning volatility, while Bitcoin, with its fixed supply, provides protection against inflation. Wood rejects comparisons to the 2000 bubble, stating that AI has tangible applications. Her perspective suggests that the bubble could be in traditional safe-haven assets, not in new technologies.

GasOptimizer

2026-02-09 11:02:35

Abstract generation in progress

Faced with ongoing debates about the risks of a tech bubble, Cathie Wood of ARK Invest offers a contrary and provocative analysis. According to the renowned investor, the real threat looming over the markets is not the exponential development of AI, but rather the astronomical levels reached by precious metals. This position challenges the widespread fears of a massive correction in the tech sector.

Critical levels of gold and silver: warning signals

Market data corroborate Wood’s analysis. Gold recently hit a record high before experiencing a significant decline of nearly 9%, while silver saw an even more dramatic drop, exceeding 27%. These major corrections reveal a market dynamic where precious metals display unprecedented volatility, suggesting that the bubble is more focused on these traditional assets than on emerging technologies.

Bitcoin and the paradigm of scarcity: a new application

Unlike precious metals, whose supply remains uncertain and subject to geological discoveries, Bitcoin embodies a fundamentally different proposition. Wood emphasizes the importance of Bitcoin’s fixed and capped supply, a feature that radically distinguishes it from traditional assets. At the current price of $68,570, Bitcoin represents a concrete application of the digital scarcity concept. This programmed scarcity, according to Wood, provides natural protection against the inflationary dynamics of traditional bubbles.

Dismissing the specter of a tech bubble similar to 2000

Wood categorically rejects fears of an imminent collapse comparable to that of the early 2000s. While the tech crash of 2000-2001 was characterized by valuations without fundamentals and companies without revenues, the AI revolution is based on tangible applications and viable business models. This crucial distinction explains why Wood does not see a bubble in the tech sector but rather in the uncontrolled inflation of safe-haven assets like gold.

Cathie Wood’s perspective offers an counterintuitive view of the current market, suggesting that the real bubble might be where investors usually seek refuge and security, rather than in the emerging technologies shaping the economic future.

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