[Cathie Wood: Bitcoin has very low correlation with gold, gradually buying crypto-related stocks] BlockBeats news, February 8, ARK Invest CEO Cathie Wood, known as 'Wood Sister,' stated, 'Bitcoin once dropped to around $60,000, nearly halving from its October peak. By calculating the return correlation between Bitcoin and gold since 2019, the correlation coefficient is only 0.14, indicating almost no correlation. Gold often rises before Bitcoin, and this situation may happen again. We disclose our trading activities daily, and you can see that we have been gradually and slightly buying crypto-related stocks. We don’t know how long the decline will last, nor can we guarantee it has ended, but when negative sentiment is so extreme, if our research judgment is correct, we should enter in batches and gradually increase positions.'