ARK Invest CEO Cathie Wood Says Bitcoin Has Reached Turning Point
JH Kim
Summary
- ARK Invest CEO Cathie Wood said Bitcoin (BTC) has reached a turning point.
- Wood said she believes Bitcoin has reached a turning point in its future price trajectory.
- The remarks were interpreted as signaling that Bitcoin could shift from a downtrend to an uptrend.
Forecast Trend Report by Period
Cathie Wood, chief executive officer of ARK Invest, said Bitcoin has reached a turning point.
Cointelegraph reported on October 14 that Wood, discussing Bitcoin's future price trajectory, said she believes the cryptocurrency has hit an inflection point.
Her remarks suggest she sees Bitcoin's price trend shifting from a decline to an upswing.
Wood did not provide a specific price target or timeline for such a move.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.