Cathie Wood discusses Bitcoin's future potential and current market health. Institutional adoption and legal changes may drive significant growth.
Cathie Wood, the head of ARK Invest, believes that the Bitcoin market structure remains strong, suggesting a potential major surge for this leading digital currency. In a webinar on the future of Bitcoin in 2025, Wood stated that Bitcoin’s price fluctuation around $90,000 this month shows a healthy market. She emphasized that institutional acceptance of Bitcoin is in its early stages, urging financial managers to consider adding Bitcoin to their portfolios. Wood also mentioned Bitcoin’s scarcity phase and predicted a significant boost for Bitcoin with increased legal transparency and potential tax reductions under the Trump administration.
