Cathie Wood Expects More Bitcoin Consolidation, But Not For Much Longer

Benzinga
Jan 28

ARK Invest CEO Cathie Wood reiterated her bullish outlook on Bitcoin (CRYPTO: BTC), while outlining the key innovation themes shaping her investment strategy.

Bitcoin: The Liquid Asset Redefining Markets

In a recent Fox Business interview, Wood said markets are entering a "Great Acceleration," driven by how early the AI cycle still is.

She noted that not all companies will benefit, particularly traditional software firms slow to adapt.

ARK focuses on five converging innovation platforms: artificial intelligence, robotics, energy storage, blockchain, and multiomic sequencing.

According to Wood, long-term winners will be those aligned with these disruptive technologies.

Wood’s Bitcoin Price Prediction

Discussing ARK's 21Shares Bitcoin ETF (BATS:ARKB), Wood said the firm is "in it, to win it"  and remains strongly bullish on BTC.

She attributed recent crypto weakness to the October flash crash, triggered by a Binance software issue that led to roughly $28 billion in forced deleveraging.

Wood says they deleveraging phase or "unwind" is largely complete.

ARK expects Bitcoin to consolidate in the $80,000–$90,000 range before resuming its uptrend, suggesting the downside of the current four-year cycle may be close to ending.

She also described Bitcoin as the "most liquid" asset in a new asset class, emphasizing its historically low correlation with traditional markets, a key reason for growing institutional interest.

Image: Shutterstock

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