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Cathie Wood says aggressive investors could rotate from gold to Bitcoin, maintains $1.5M 2030 target

ARK Invest CEO Cathie Wood said on podcast "The Rundown" that gold's current price-to-M2 ratio has reached an all-time high, exceeding levels seen during the 1970s high-inflation period and the 1930s Great Depression. She argued that gold has priced in a worst-case fear scenario and is in a phase of "irrational exuberance" that could be followed by a pullback, noting today's macro backdrop differs with expanding money supply and ample liquidity. Wood described Bitcoin as still in an early-stage phase and said aggressive investors could shift from gold into Bitcoin now, reiterating her $1.5 million Bitcoin price target by 2030.
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