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Cathie Wood
Cathie Wood
CEO & Founder, ARK Invest
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Cathie Wood: How Global Liquidity Is Creating The Next Massive Move (And Why)

📅 May 03, 2026 The Rollup 8 MIN 1057 VIEWS 5 SEGMENTS · 2 SPEAKERS
Cathie Wood joins The Rollup and explains her macro thesis at the current moment. It starts with why the Fed is already easing, how good deflation is coming by the way of increased GDP growth, and why her $730K Bitcoin base case for 2030 is still intact. Cathie Wood is the CEO and CIO of ‪@ARKInvest2015‬, one of the world's leading active innovation investment managers. The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world. --- Cathie Wood Socials: https://x.com/CathieDWood ARK Invest Socials: https://x.com/ARKinvest ARK Invest...
Unknown 0:00 ↗
We just kind of went through this geopolitical turmoil. It's still ongoing. Stocks are at all-time highs as of yesterday. Bitcoin's kind of lagging around 75k. A friend, Raoul Pal, tweeted total global liquidity is rising, global M2 is rising, US total liquidity is rising, US M2 is rising, ISM is rising, China total liquidity is rising. Don't overthink it. And so I think for people thinking about the markets right now, you also mentioned a lot of this fear. You know, what is your kind of read on this lagging from the crypto side as it relates to stocks and commodities and just generally what's your more macro view of the liquidity dynamics at play now because I think there's a lot of the AI-driven attention and IPOs are coming that are driving a lot of this narrative and thought away from the crypto investing world, but I'm just curious kind of how you're seeing this macro picture.
Cathie Wood 0:57 ↗
Yeah. So, I wrote a letter at the beginning of the year and in it you'll find a matrix of the correlations among asset classes and specifically trying to understand Bitcoin. Many people because we call Bitcoin digital gold, they think, 'Oh, well, surely it's highly correlated to gold.' It is not. In fact, and we did the analysis from 2019, which is when real institutional interest started evolving a little more intensely. The correlation between gold and Bitcoin over that time has been 0.14. But if you look at the last two cycles, you'll see that gold rallied before Bitcoin did. And we think the same thing is happening now and we monitor Bitcoin to gold and I feature it regularly in something called In the Know, which I do once a month.
And on that chart, you'll see yes, Bitcoin relative to gold has had a significant drop. But if you look at the longer term, you'll see higher lows in terms of the very long-term trend line. And so we think that the Bitcoin bull market is still intact. I realize we've been through what many would call a bear market and yet down 50% is a victory compared to down 85 or 95%.

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APA

Wood, C. (2026, May 3). Cathie Wood: How Global Liquidity Is Creating The Next Massive Move (And Why) [Interview transcript]. The Rollup. CEOInterviews.AI. https://ceointerviews.ai/interview/882751/

MLA

Cathie Wood. "Cathie Wood: How Global Liquidity Is Creating The Next Massive Move (And Why)." The Rollup, 3 May. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/882751/.

BibTeX 
@misc{wood2026_882751,
  author       = {Cathie Wood},
  title        = {Cathie Wood: How Global Liquidity Is Creating The Next Massive Move (And Why)},
  howpublished = {Interview transcript, The Rollup. CEOInterviews.AI},
  year         = {2026},
  month        = {may},
  url          = {https://ceointerviews.ai/interview/882751/},
  note         = {Speaker-attributed transcript with timestamps}
}