「Wood Sister」: The radical approach is now to pivot from gold to Bitcoin, with a bullish target price of $1.5 million for Bitcoin by 2030

On February 3, ARK Invest CEO Cathie Wood told the podcast *The Rundown* that gold’s current price relative to the M2 money supply has hit an all-time high—surpassing levels seen during the 1970s high-inflation era or the 1930s Great Depression (periods marked by extreme currency collapse or hyperinflation). But the current macro environment tells a different story: expanding money supply, no economic collapse, and ample liquidity. This means gold has “priced in the worst-case scenario/fear” and is in a phase of “irrational exuberance,” likely to see a pullback. Bitcoin, however, is still in its early stages. “If I were a bold investor, I’d switch from gold to Bitcoin right now,” she noted. Wood also reaffirmed her bullish price target for Bitcoin: $1.5 million by 2030.