Big Bull Cathie Wood Discusses Bitcoin Price: "The Four-Year Cycle Is No More"

Source: CryptoNewsNet Original Title: Big Bull Cathie Wood Discusses Bitcoin Price: “The Four-Year Cycle Is No More” Original Link: https://cryptonews.net/news/bitcoin/32153602/ Renowned investor and ARK Invest CEO Cathie Wood made noteworthy comments about Bitcoin during a live broadcast on Fox Business.

Wood argued that Bitcoin’s long-standing four-year cycle, a benchmark in the markets, has come to an end, and that the largest cryptocurrency has entered a new era.

Wood, recalling that Bitcoin has sometimes acted as a “risk-averse” asset in the past, citing the European debt crisis and regional banking crises, said that in the current situation, Bitcoin is clearly acting as a risky asset. According to Wood, Bitcoin continues to climb the “wall of anxiety” despite the uncertainties.

Cathie Wood argued that the prevalent perception of a four-year cycle in the market is no longer valid. Recalling that Bitcoin experienced sharp drops of between 75% and 90% in its early years, Wood noted that volatility has significantly decreased today, with pullbacks limited to around 30%. She stated that this situation still creates a fear among investors regarding the four-year cycle.

According to Wood, the most important factor in breaking this cycle is the increasing interest of institutional investors in Bitcoin. Wood argues that the entry of large institutions into this new asset class could prevent a repeat of the deep declines seen in Bitcoin in the past, stating, “It is precisely this institutional adoption that will prevent a bigger decline.”

Wood concluded his remarks by suggesting that Bitcoin may have bottomed out a few weeks ago.