Cathie Wood explains why institutions are allocating to both Bitcoin and gold amid rate shifts

As Japanese interest rates climb and U.S. liquidity conditions tighten, Bitcoin has been reinforcing its position as a macro asset, trading at $70,681 after a 3.03% daily gain alongside a 2.03% rise in gold to $4,966.26 per ounce. Cathie Wood of ARK Invest argues that AI-driven "agentic commerce" is pushing blockchains like Bitcoin, Ethereum, and Solana into core financial infrastructure, encouraging institutions to use gold for stability and Bitcoin for growth and innovation. Even as short-term volatility and a decline in active Bitcoin users persist, rising market dominance near 59% and growing institutional participation are reshaping its traditional boom-and-bust cycle.