Cathie Wood Says Bitcoin Price Is Nearing End of Down Cycle, Predicts ‘Shallowest Four-Year Decline’

ARK Invest CEO Cathie Wood stated in a CNBC interview that she believes Bitcoin is nearing the end of its current down cycle, suggesting the latest four-year drawdown will be the shallowest in its history. She attributes this to the preceding bull market being muted by historical standards. While acknowledging Bitcoin might test the $80,000 to $90,000 range, Wood expects these psychological levels to hold, viewing the current market as a sign of a maturing asset rather than structural weakness. She anticipates renewed upside once the correction concludes. Wood also reiterated her long-term thesis for Bitcoin, describing it as "three revolutions in one": a competing global monetary system, a breakthrough technology, and the leading asset in a new asset class. The article also briefly mentions recent Bitcoin price volatility driven by geopolitical news regarding U.S. President Donald Trump delaying planned tariffs.

(Source：Bitcoin Magazine)