Bitcoin Is Hands-Down Better Than Gold — Cathie Wood’s Vision at $400 | by Chip Mahoney | The Capital | Jan, 2025
Cathie Wood didn’t just see Bitcoin coming — she believed in it when most people dismissed it as a joke. Back when Bitcoin was trading around $400, a price most of us would kill to have bought in at, Cathie wasn’t following the crowd. She was leading it.
Think about this: Even Tim Draper, one of the most legendary venture capitalists of our time, who’s known for backing massive winners like Tesla and Skype, didn’t get Bitcoin that low. Draper made his big splash when he won almost 30,000 Bitcoins in the U.S. Marshals auction for Silk Road seizures. The price? Around $632 per coin. Draper saw the potential early, sure — but not Cathie early.
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Now compare that to Michael Saylor, the billionaire behind MicroStrategy, who started buying Bitcoin at around $30,000. Saylor’s move was bold, but Cathie’s was visionary. She spotted the revolution when others were too busy writing Bitcoin off as a nerdy internet experiment.
