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Cathie Wood, CEO of Ark Invest and known as a big bull in the market, continues to make bold statements about Bitcoin.
At this point, Cathie Wood spoke about the declines in $BTC and claimed that $BTC would never again fall by more than 80%.
Speaking to CNBC, Cathie Wood stated that Bitcoin is now very close to becoming a proven monetary system and that “the bottom has been reached.”
Wood stated that Bitcoin is currently in the process of proving itself as an institutional asset and that the market has entered a different phase of maturity compared to previous periods.
According to Wood, a longtime Bitcoin believer, Bitcoin is now seen as a stable store of value rather than a purely speculative asset, which will limit the severity of future price drops.
Wood notes that Bitcoin’s historically extreme drops of up to 95% were largely due to its initial stages, and he believes that such severe declines are unlikely to be repeated as the market continues to mature.
“Bitcoin has now proven itself. That’s why I believe the 80-90% decline cycle seen in the past has come to an end.”
Within the Bitcoin community, even a 50% drop is considered a positive signal if that level is maintained. This is a result of a maturing market, reflecting Bitcoin’s acceptance as a stable store of value and its evolving role in the financial landscape.
*This is not investment advice.
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