EddieJayonCrypto
9 Jun 25
ARK Invest CEO Cathie Wood predicts Bitcoin will continue rising, citing its strong performance against gold and its "anti-fragile" nature. She notes Bitcoin's resilience through market turmoil and suggests equities are following its lead. Wood is optimistic about the crypto industry's future, attri...
ARK Invest CEO Cathie Wood predicts continued growth for Bitcoin, highlighting its strong performance against gold and its resilience in volatile markets. She refers to Bitcoin's "anti-fragile" nature, noting that it has withstood various market turmoils and suggesting that equities are now following Bitcoin’s lead.
Wood expresses optimism about the broader cryptocurrency industry's future, crediting recent regulatory clarity for paving the way. She anticipates a significant transformation in the financial services sector over the next five to ten years, with companies like Circle, Coinbase, Robinhood, and SoFi deepening their involvement in crypto.
In a recent update, Wood shared a Bitcoin-to-gold chart that remains in an uptrend, reinforcing her bullish stance. She believes this trend aligns with a "net bullish risk-on" market sentiment and highlights Bitcoin's role as a resilient asset through periods of uncertainty.
Wood also points out that regulatory improvements under the Trump administration have fostered an environment conducive to crypto growth. She foresees a powerful movement reshaping financial services, underscoring that major players are now embracing cryptocurrencies thanks to clearer regulations.