Bitcoin is falling again, and big-name bulls are speaking out. According to the ARK Invest team, the pullback after a rapid rise is part of a broader picture that mixes gold, money supply metrics, and investor flow. Markets are chaotic right now. This doesn’t mean that long-form stories are dead.
Cathie Wood’s long vision
Based on reports, Cathie Wood has maintained a general, consistent bet on cryptocurrencies for years, purchasing assets and shares in companies tied to digital tokens when prices were much lower. Her company held early positions in exchange operators and fintech companies that provide access to cryptocurrencies.
Reports point to ARK’s evaluation work and scenarios that place Bitcoin well above current prices by 2030 under certain adoption assumptions. These forecasts are not promises. They are models with many moving parts.
It is also important to note that the correlation between Bitcoin and gold prices has been 0.14 since early 2020, and that the gold price has led the last two significant upward movements in the Bitcoin price in the last two major cycles. https://t.co/kxZEHhbBVJ
– Cathie Wood (@CathieDWood) January 31, 2026
Gold trading and devaluation
Reports say that the director of ARK Research compared the market capitalization of gold with the M2 money supply in the United States and found readings at a level not seen since the 1930s and around the same era as 1980.
Historically, this type of extremism has been preceded by a major reversal in the price of gold. Some traders remember a 60% decline after the peak in 1980. Those are the facts that deserve a second look. However, it does not translate directly into a Bitcoin prediction.
Bitcoin and gold don’t always move together. Based on reports, the historical correlation has been low – around 0.14 since early 2020. This number means that daily price movements rarely coincide.
However, in the past major rallies, gold’s gains have been followed by strong Bitcoin advances. This time, the sequence stopped. Precious metals rose and then fell sharply, but capital did not flow into cryptocurrencies in the way some expected. This raises questions about who is moving the money and why.
Market movements and what to watch next
Bitcoin price has fallen to $78,150 at the time of writing. The top cryptocurrency assets have reached a level that many traders are closely monitoring after the flash crash last October. It is now more than 35% below its peak on October 6, 2025, and volatility is high.
Different roles, different hours: ARK’s view on Bitcoin and gold
Overall, ARK’s position remains firm. Reports show that the company still views Bitcoin as a long-term asset linked to adoption and network growth, even during steep drawdowns.
In contrast, gold is being watched for signs of exhaustion after a severe wave linked to money supply concerns. From ARK’s perspective, the two assets play different roles, move on different hours, and should not be judged by short-term price action alone.
Featured image from Unsplash, chart from TradingView
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