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#GateSquareAprilPostingChallenge Piyasada known as the big bull, Ark Invest CEO Cathie Wood continues to make bold statements about Bitcoin.
At this point, Cathie Wood discussed the declines in BTC and claimed that BTC will never drop more than 80% again.
Speaking to CNBC, Cathie Wood stated that Bitcoin is now very close to becoming a proven monetary system and that the “bottom has been seen.”
Wood said that Bitcoin is currently in the process of proving itself as an institutional asset and that the market maturity has entered a different stage compared to previous periods.
According to Wood, who has believed in Bitcoin for a long time, Bitcoin is now seen more as a stable store of value rather than a completely speculative asset, which will limit the severity of future price drops.
At this point, Wood notes that the historically extreme declines of up to 95% in Bitcoin are largely due to the early stage of the market, and she believes that as the market continues to mature, such severe drops are unlikely to recur.
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