PiCK
‘Money Tree Sister’ Cathie Wood: “Bitcoin is already becoming institutional… the era of repeated crashes is over”
Summary
- Wood said Bitcoin is already in the process of establishing itself as an institutional asset and has entered a different phase of market maturation than before.
- Wood stressed that Bitcoin is no longer in the technology-validation stage and that the cycle of 80–90% drawdowns seen in the past is over.
- Wood added that even if the Bitcoin price falls 50%, it would be a positive signal if that level holds—reflecting market maturation and broader participation by institutional investors.
Forecast Trend Report by Period
A view has emerged that Bitcoin (BTC) is unlikely to suffer a steep plunge like in past cycles.
On the 3rd (Korea time), Cathie Wood, CEO of ARK Invest, said in an interview with CNBC, “Bitcoin is already in the process of establishing itself as an institutional asset,” adding that “it appears to have entered a different phase of market maturation than before.”
Wood assessed the volatility in Bitcoin’s price cited by some as “different from the past.” She stressed, “Bitcoin is no longer in the technology-validation stage,” and “I believe the cycle of 80–90% drawdowns seen in the past is over.”
She continued, “Within the Bitcoin community, even a 50% decline would be taken as a positive signal if that level holds,” adding, “This is the result of a maturing market and broader participation by institutional investors.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
