The rise in the price of gold caught the attention of the famous technology investor, Cathie Wood. For her, those who are truly living in a bubble are not artificial intelligence, but rather gold.
Her words came out on Thursday (29), right when gold hit a historic record, surpassing US$ 5,600. Furthermore, according to data from Ark Invest, the metal also reached a record within the so-called M2 money supply of the United States — which is the measure that combines money in circulation, demand deposits, savings, short-term investments, and retail money market funds.
Wood posted on X (formerly Twitter): “There’s a good chance that the price of gold will plummet.” She explained that when prices rise so rapidly and excessively, it even seems like they’ll go far, but usually these peaks happen at the end of a cycle. For her, the bubble this time isn’t in artificial intelligence, but in gold$PAXG .
Wood's prediction about the financial market hit the mark, wow. Gold plummeted more than 8% in the last 24 hours, hovering around $4,893 an ounce. And poor silver is in an even worse situation: it dropped more than 25% in a single day, nearing $85.
This drop in precious metals on Friday ended up serving as confirmation of what Wood had already been saying: that Bitcoin, being limited, is much more attractive than gold.
She even wrote in the 2026 report: “Gold miners can increase production, but that’s something you can’t do with Bitcoin.” According to her, Bitcoin is programmed to grow only about 0.82% per year over the next two years, and then it will fall to 0.41% per year.
As the big boss of Ark Invest, Wood is very excited about the future of Bitcoin. She even projected that the currency could be worth up to $1.2 million by 2030. That’s less than the old prediction of $1.5 million, but that’s because stablecoins are gaining ground.
Her company is also keeping an eye on the success of cryptocurrencies, with participation in companies like Coinbase, Circle, and even in the Bitcoin ETF $BTC on the horizon, the ARKB.
Regarding bubbles, she doesn’t think that artificial intelligence is the villain this time. On the contrary, she said she feels calmer when people compare the current moment of AI with the tech company bubble back in the 2000s.
“If so many people are worried about this, to me it’s a sign that it’s different from that time,” she said in a podcast from Ark Invest in November.
But not everyone is calm, no. There are investors with their guard up, thinking that these huge expenses on AI could backfire. To give you an idea, Microsoft’s shares fell more than 10% on Thursday, precisely because people thought that investments in artificial intelligence had gone too far.
