ARK Invest CEO Cathie Wood stated in an interview on "Mornings with Maria" that Bitcoin is entering a new phase of deeper institutional involvement, and that significant future pullbacks will be notably weaker, potentially breaking the traditional four-year cycle. Wood pointed out that early Bitcoin pullbacks often ranged from 75–90%, while current volatility has narrowed to a little over 30%, and said "the bottom may have appeared a few weeks ago." She expects gold may correct next year, while Bitcoin will regain strength. (cryptobriefing)
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ARK Invest CEO Cathie Wood stated in an interview on "Mornings with Maria" that Bitcoin is entering a new phase of deeper institutional involvement, and that significant future pullbacks will be notably weaker, potentially breaking the traditional four-year cycle. Wood pointed out that early Bitcoin pullbacks often ranged from 75–90%, while current volatility has narrowed to a little over 30%, and said "the bottom may have appeared a few weeks ago." She expects gold may correct next year, while Bitcoin will regain strength. (cryptobriefing)