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Bitcoin slipped again and well-known bulls are talking. According to the ARK Invest team, the pullback after a rapid rise is a component of a broader picture that mixes gold, money supply measures and investor flows. The markets are currently chaotic. That doesn't mean long-term stories are dead.
Cathie Wood's Long View
Cathie Wood has reportedly been publicly and continually betting on cryptocurrencies for years, buying assets and shares of firms tied to digital tokens when prices were far lower. Her company took early positions with exchange operators and fintech firms that provide crypto access.
Reports point to ARK's valuation work and scenarios, which place Bitcoin well above current prices by 2030 under certain acceptance assumptions. These forecasts will not be guarantees. These are models with many moving parts.
It can be necessary to notice that the correlation between Bitcoin and gold prices has been at 0.14 for the reason that starting of 2020 and that gold prices led the last two significant upward moves in Bitcoin price within the last two major cycles. https://t.co/kxZEHhbBVJ
— Cathie Wood (@CathieDWood) January 31, 2026
Gold and the devaluation trade
ARK's research director reportedly compared the market value of gold to the US money supply M2 and located values at levels not seen for the reason that Thirties and around the identical time as 1980.
Such extremes have historically preceded major reversals in gold prices. Some traders recall a 60% decline from the 1980 peak. These are facts that deserve a re-examination. However, they can not be directly converted right into a prediction for Bitcoin.
Bitcoin and gold don't all the time move together. Historical correlation has reportedly been low – around 0.14 for the reason that start of 2020. This figure signifies that each day price movements are rarely synchronized.
BTCUSD is currently trading at $77,898. Chart: TradingView
But in previous major rallies, gold's gains have been followed by a pointy rise in Bitcoin. This time the sequence stalled. Precious metal prices spiked after which fell sharply, but capital didn’t flow into the cryptocurrency as some had expected. This raises the query of who’s moving money and why.
Market moves and what to look at next
At the time of writing, Bitcoin fell to $78,150. The top crypto asset reached levels that many traders are closely watching following a flash crash last October. It is now greater than 35% below the October 6, 2025 peak and volatility is high.
Different Roles, Different Watches: ARK's View on Bitcoin and Gold
Overall, ARK's stance stays consistent. The company reportedly still views Bitcoin as a long-term asset tied to adoption and network growth, even during sharp declines.
Gold, alternatively, is searching for signs of exhaustion after an extreme rise linked to money supply fears. In ARK's view, the 2 assets play different roles, move on different clocks and mustn’t be judged based on short-term price movements alone.
Featured image from Unsplash, chart from TradingView
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