Cathie Wood said on Nov. 9 that gold would fall and bitcoin would keep gaining against it. She cited a 0.1 correlation between the two assets since 2019, though that figure does not mean they have had no correlation. Her call is a forecast, not a measured result.
Gold rose about 1.7% to $4,141.14 an ounce on Nov. 9, while bitcoin briefly fell to $73,700. The source says one bitcoin bought about 18.1 ounces of gold, compared with roughly 17.8 ounces in mid-September.
