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Cathie Wood: Bitcoin Is “Pretty Well Through” the Down Cycle
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Bitcoin may be nearing a turning point after months of choppy and uneven price action.
According to Ark Invest CEO Cathie Wood, the world’s largest cryptocurrency appears to be moving beyond the weakest phase of its current four-year market cycle.
Speaking on CNBC, Wood said Bitcoin’s recent decline is beginning to stabilize, which suggests the market could soon shift from consolidation toward recovery.
Key Points
- Cathie Wood said Bitcoin has likely moved beyond the weakest phase of its current four-year market cycle.
- She stated the present drawdown is smaller in scale and shorter in duration than declines in prior cycles.
- Wood said Bitcoin may retest support levels around $80,000 before a sustained recovery develops.
- Ark Invest projects Bitcoin’s market capitalization could reach approximately $16 trillion by 2030.
- Based on a fixed supply of 21 million coins, Ark Invest estimates a potential price of about $761,900 per Bitcoin.
Signs the Four-Year Bitcoin Cycle Is Maturing
During an appearance on CNBC, Wood explained that Bitcoin has likely absorbed most of its cycle-related losses. She described the current drawdown as both milder and shorter than those seen in previous four-year cycles, a pattern she believes reflects a gradually maturing market.
However, Wood cautioned that short-term uncertainty remains. Bitcoin could revisit support levels near $80,000 before establishing stronger upward momentum. Even so, she emphasized that the asset has yet to deliver the kind of returns typically associated with past bull markets, leaving room for further upside once conditions improve.
Broader Financial Shifts Bolster the Outlook
Wood also pointed to structural changes across the global financial system that she believes are strengthening Bitcoin’s long-term case. According to her, Bitcoin is increasingly being viewed as a core asset within a new investment category rather than a speculative trade.
Moreover, clearer regulatory frameworks have further encouraged institutional participation, reinforcing Bitcoin’s evolving role in global portfolios.
Ark Invest’s Long-Term Growth Outlook
Wood’s comments follow the release of Ark Invest’s Big Ideas 2026 report, which outlines the firm’s long-term outlook for Bitcoin and the broader digital asset market.
The report projects Bitcoin’s market capitalization could reach approximately $16 trillion by 2030, while the overall cryptocurrency market may expand to around $28 trillion. Citing Bitcoin’s fixed supply of 21 million coins, Ark Invest estimates a potential price of roughly $761,900 per Bitcoin.
Within this framework, the firm increasingly positions Bitcoin as a digital store of value, comparing it more closely to gold than to a transactional currency.
Volatility Returns Amid U.S. Political Developments
Despite the optimistic long-term outlook, short-term price action has remained volatile. Bitcoin experienced sharp intraday swings today as markets reacted to political developments in the United States.
For instance, in early trading, prices jumped from the $88,000 range to above $90,500 before pulling back. Bitcoin later recovered some ground, moving back toward $90,000.
The rebound followed an announcement by U.S. President Donald Trump regarding trade policy. Specifically, in a post on Truth Social, Trump stated that planned tariffs would be delayed following discussions with NATO Secretary General Mark Rutte. The talks reportedly involved a preliminary framework related to Greenland and the Arctic region. Tariffs originally scheduled for February 1 were ultimately postponed, easing near-term market concerns.
At the time of writing, Bitcoin was trading at $89,746, reflecting a 0.86% increase over the past 24 hours. Nevertheless, the cryptocurrency remains down 7% over the course of the week.
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Cathie Wood: Bitcoin Is “Pretty Well Through” the Down Cycle
Share:
Bitcoin may be nearing a turning point after months of choppy and uneven price action.
According to Ark Invest CEO Cathie Wood, the world’s largest cryptocurrency appears to be moving beyond the weakest phase of its current four-year market cycle.
Speaking on CNBC, Wood said Bitcoin’s recent decline is beginning to stabilize, which suggests the market could soon shift from consolidation toward recovery.
Key Points
- Cathie Wood said Bitcoin has likely moved beyond the weakest phase of its current four-year market cycle.
- She stated the present drawdown is smaller in scale and shorter in duration than declines in prior cycles.
- Wood said Bitcoin may retest support levels around $80,000 before a sustained recovery develops.
- Ark Invest projects Bitcoin’s market capitalization could reach approximately $16 trillion by 2030.
- Based on a fixed supply of 21 million coins, Ark Invest estimates a potential price of about $761,900 per Bitcoin.
Signs the Four-Year Bitcoin Cycle Is Maturing
During an appearance on CNBC, Wood explained that Bitcoin has likely absorbed most of its cycle-related losses. She described the current drawdown as both milder and shorter than those seen in previous four-year cycles, a pattern she believes reflects a gradually maturing market.
However, Wood cautioned that short-term uncertainty remains. Bitcoin could revisit support levels near $80,000 before establishing stronger upward momentum. Even so, she emphasized that the asset has yet to deliver the kind of returns typically associated with past bull markets, leaving room for further upside once conditions improve.
Broader Financial Shifts Bolster the Outlook
Wood also pointed to structural changes across the global financial system that she believes are strengthening Bitcoin’s long-term case. According to her, Bitcoin is increasingly being viewed as a core asset within a new investment category rather than a speculative trade.
Moreover, clearer regulatory frameworks have further encouraged institutional participation, reinforcing Bitcoin’s evolving role in global portfolios.
Ark Invest’s Long-Term Growth Outlook
Wood’s comments follow the release of Ark Invest’s Big Ideas 2026 report, which outlines the firm’s long-term outlook for Bitcoin and the broader digital asset market.
The report projects Bitcoin’s market capitalization could reach approximately $16 trillion by 2030, while the overall cryptocurrency market may expand to around $28 trillion. Citing Bitcoin’s fixed supply of 21 million coins, Ark Invest estimates a potential price of roughly $761,900 per Bitcoin.
Within this framework, the firm increasingly positions Bitcoin as a digital store of value, comparing it more closely to gold than to a transactional currency.
Volatility Returns Amid U.S. Political Developments
Despite the optimistic long-term outlook, short-term price action has remained volatile. Bitcoin experienced sharp intraday swings today as markets reacted to political developments in the United States.
For instance, in early trading, prices jumped from the $88,000 range to above $90,500 before pulling back. Bitcoin later recovered some ground, moving back toward $90,000.
The rebound followed an announcement by U.S. President Donald Trump regarding trade policy. Specifically, in a post on Truth Social, Trump stated that planned tariffs would be delayed following discussions with NATO Secretary General Mark Rutte. The talks reportedly involved a preliminary framework related to Greenland and the Arctic region. Tariffs originally scheduled for February 1 were ultimately postponed, easing near-term market concerns.
At the time of writing, Bitcoin was trading at $89,746, reflecting a 0.86% increase over the past 24 hours. Nevertheless, the cryptocurrency remains down 7% over the course of the week.
In This News
Share:
In This News
Share:
Read More
Pompliano: Bitcoin Is the Leading Indicator of Inflation