Кэти Вуд считает биткоин более надежным активом, чем золото, несмотря на تصريحات аналитика Jefferies Translation: Kathy Wood believes bitcoin is a more reliable asset than gold, despite Jefferies analysts statements.

Christopher Wood, the strategist for the investment bank Jefferies, has completely removed Bitcoin from his portfolio.

The mathematically capped supply of the first cryptocurrency makes it a more refined scarce asset compared to gold, according to Catherine Wood, the founder and CEO of ARK Invest.

She views Bitcoin as a novel category of scarce asset whose value is determined not by fear of inflation, but by a fundamental mismatch between the rising global capital and its limited supply.

Wood analyzed the performance divergence between the two assets: gold appreciated by 65% in 2025, while Bitcoin saw a 6% decline.

However, since October 2022, Bitcoin has surged by 360% compared to a 166% rise in gold. Wood attributes this phenomenon to “global wealth creation” that surpasses the modest annual increase in the supply of the precious metal, which is approximately 1.8%.

“Increased demand for gold could outpace the growth of its supply. Gold miners can ramp up production in ways that are not possible with Bitcoin,” Wood pointed out.

The supply of the first cryptocurrency is mathematically programmed to increase by roughly 0.82% over the next two years, after which it will slow to 0.41%.

This “inelastic” supply curve means that any spike in demand—such as from spot ETFs—will have a more pronounced impact on the asset’s price.

“If demand for Bitcoin continues to rise, the leading crypto asset will gain more advantages than gold due to its nature,” Wood believes.

She also highlighted that the recent rally in gold has reached historically high levels. Its market capitalization to M2 money supply ratio has returned to the levels seen in the early 1930s and 1980s, which previously foreshadowed strong stock market performance following corrections.

Wood emphasized Bitcoin’s chief advantage: its potential for diversification. The correlation between the cryptocurrency and gold turned out to be lower than that between stocks (S&P 500) and bonds.

In mid-January, for the first time since mid-2022, the 52-week correlation between Bitcoin and gold fell to zero.

This positions Bitcoin as an effective tool for enhancing yield per unit of risk in investment portfolios in the years to come.

Christopher Wood, the Jefferies strategist and author of the popular “Greed & Fear” concept, has entirely removed Bitcoin from his flagship portfolio, as reported by Bloomberg. He has replaced the leading cryptocurrency with physical gold and shares of gold mining companies.

The reason for this transition is rising concerns that advancements in quantum computing could jeopardize the long-term security of the coin.

Wood mentions that anxiety about these risks is increasing among numerous long-term investors. He states that some capital managers are questioning Bitcoin’s value proposition as a safe-haven asset if the timeline for quantum computers materializing shortens.

It’s worth recalling that in December, Castle Island Ventures partner Nic Carter criticized developers for disregarding the threat of quantum computing. He believes that the reluctance to acknowledge these risks is already weighing on the price of the first cryptocurrency.

Meanwhile, co-founder of Blockstream and cypherpunk Adam Back asserts that systems capable of breaking Bitcoin’s cryptography are unlikely to emerge for at least another 20 to 40 years.