PANews reported on December 5 that according to Cointelegraph, Bitcoin broke through the $100,000 price mark on December 5, setting a historic milestone, but according to Cathie Wood, CEO of ARK Invest, Bitcoin is still in its "early stages" and its prospects remain bright.

On December 5, Wood posted a message on the X platform, congratulating the industry on the new atmosphere, that is, Trump nominated Paul Atkins, who supports cryptocurrency, to replace Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission. She also mentioned that Federal Reserve Chairman Powell compared Bitcoin to digital gold and made some comparative observations on Bitcoin and gold.

Wood compared the size of the Bitcoin market to spot gold, emphasizing that gold has a market size of $15 trillion at a price of $2,700 per ounce. Bitcoin's current market value of about $2 trillion has huge potential compared to gold's $15 trillion market. Wood hinted that Bitcoin is a bigger concept than gold given its digital and borderless nature.