Cathie Wood

I've been writing a lot about it recently.

I think if you look over time, if you look for the last five years and you do a correlation between gold and Bitcoin,

you'll find very little correlation at all.

What you will see if you look back a little further, the last two major cycles for Bitcoin were preceded by the gold price increasing first.

Now, I think what's going on, this so-called debasement trade, if I can just back up a little bit, I think is misplaced.

And especially when we think about the dollar, if you put the dollar into perspective, you will see that over the years and in recent years, it's changed.

toward the higher end of its range against other currencies.

And we think that the combination of deregulation here in the United States, big tax changes, especially for corporations, and very business and capital friendly policies here in the United States, we think because of those, the returns on invested capital in the United States are going to go up relative to those elsewhere in the world.

And this, we think, is because

Trumponomics, if you want to call it that, is like Reaganomics on steroids.

If you look at what happened to the dollar under Reagan, it doubled.

It nearly doubled.

So much so, and so quickly, that we ended up in the Plaza and Louvre Accords to try and get it down.

Oh, my goodness.

I can't imagine that day.

Let's just say that to start.

But we have a very firm succession plan here.

The way we've set up the firm with directors of research, chief futurists, analysts, research associates, and really the equivalent of investment committees for each of our funds.

I think any due diligence effort...

would look at what we've done here at ARK and be pretty reassured by it.