Cathie Wood, CEO of ARK Invest, asserts that Bitcoin is replacing gold as a safe-haven asset, attributing this trend to the availability of spot bitcoin ETFs. Wood believes that Bitcoin's rise relative to gold will continue, with investors shifting from gold to Bitcoin amid financial uncertainty. MicroStrategy, led by Michael Saylor, has been acquiring significant amounts of Bitcoin, positioning itself as an alternative to spot bitcoin ETFs. The company's focus on Bitcoin has drawn attention despite weaker-than-expected earnings. The launch of spot bitcoin ETFs has led to a significant shift in investor behavior, with Bitcoin ETFs now controlling over 3% of the total Bitcoin supply, compared to 0.2% for Gold ETFs.
MicroStrategy may be at an inflection point when it comes to Michael Saylor’s controversial decision almost four years ago to bet the enterprise-software maker’s future on Bitcoin https://t.co/saahhJNJgi
MicroStrategy attempting to position as superior alternative to spot bitcoin ETFs… *Meaningfully different* risks involved here, which I don’t see outlined below. Ytd, bitcoin ↑ 4%, while MSTR ↓ 20%. via @HeleneBraunn https://t.co/ntJS4IQw4I
All but one of the recently launched spot #bitcoinETFs charge a lower fee than the largest gold ETF $GLD, making them a cheaper option for investors looking to gain exposure to a gold-like asset. @HeleneBraunn reports https://t.co/2BB6yr70lg
Michael Saylor's @MicroStrategy reported weaker-than-expected fourth quarter earnings on Tuesday, but the majority of its conference call presentation focused on the #bitcoin. $MSTR @HeleneBraunn reports https://t.co/iX9itWCozF
Cathie Wood Says Investors Are Shifting From Gold to Bitcoin Amid Financial Uncertainty #bitcoinvsgold #cathiewood https://t.co/0wOChvqWgY
Kind of incredible that net flows into Bitcoin with the launch of 11 ETFs have amounted to less than 20,000 bitcoin. Meanwhile, Bitcoin ETFs now control over 3% of total bitcoin supply vs 0.2% for Gold ETFs versus gold. "Decentralized futooor!!!" https://t.co/OjKcnTQiNM https://t.co/NDmTDMkDvQ
Investors Are Ditching Gold for Bitcoin: Analyzing Reports @CathieDWood attributes this trend to a more streamlined and accessible means of acquiring the digital asset through the newly launched ETFs. https://t.co/mDmmVsJyhV
NEW: “This chart just shows you that even relative to gold, #Bitcoin has been rising. There’s now a substitution into #Bitcoin, and we think that is going to continue,” says ARK Invest founder, CIO and CEO Cathie Wood https://t.co/2LbTfXYGmO
New view of #BTC Flows to the ETFs. What stands out: The first few weeks were flat with the market taking time to absorb massive GBTC outflows (125K first two weeks) Last six trading days we've had 20K net BTC inflows. It's early but that's a very bullish trend. https://t.co/DaQXqWp1Zf
Bitcoin Emerges as 'Flight to Safety' Asset, Outshining Gold, Says Cathie Wood #bitcoinvsgold #cathiewood https://t.co/0wOChvqWgY
Michael Saylor founded analytical software company MicroStrategy acquired an additional 850 BTC for $37.2 million in January https://t.co/jyHr2xdQtk
.@CathieDWood says there is a "substitution" from gold into $BTC , which will continue thanks to the availability of spot #bitcoinETFs. https://t.co/hNGpeoLjUe
Bitcoin pumpers claim the launch of spot #BitcoinETFs will do for #Bitcoin what the Nov. 2004 launch of $GLD did for #gold. But at that time gold was coming out of a 20+ year bear market, with the price barely over $400 per ounce. The gold price would have risen without the ETF.
ARK Invest CEO Cathie Wood, has been vocal about her belief in Bitcoin's potential to overshadow gold as the preferred safe-haven asset https://t.co/i7nJW38GBp
MicroStrategy may be at an inflection point when it comes to Michael Saylor’s controversial decision almost four years ago to bet the enterprise-software maker’s future on Bitcoin https://t.co/Z3OZ9z8pCx
ARK Invest’s Cathie Wood Says ‘Substitution’ of Gold for Bitcoin (BTC) Now Underway https://t.co/LH6GUod1fj
Ark Invest CEO Cathie Wood said that Bitcoin is actually replacing gold as a value storage asset. BTC is acting more as a safe-haven asset and an asset for investors to pursue high-quality assets in times of economic uncertainty. This situation will Keep going, because there is…
There’s a flight to safety, and it’s going toward #Bitcoin not gold, says @CathieDWood https://t.co/gYPQ6yChuY
JUST IN: ARK Invest CEO Cathie Wood says #Bitcoin is substituting gold as a store of value asset. It's "digital gold" 🚀 https://t.co/7C0CmId8g7