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Steven Walgenbach

Cathie Wood: Bitcoin's 0.28 S&P 500 correlation supports institutional use by 2026

In a 2026 market outlook, Ark Invest CEO Cathie Wood said Bitcoin's unusually low correlation with traditional assets makes it a strategic diversifier for institutions. Ark cited a 0.28 correlation to the S&P 500, while Jefferies strategist Christopher Wood shifted his long‑standing 10% Bitcoin allocation to gold on Friday over quantum‑computing concerns.
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