Cathie Wood: Era of Major Bitcoin Collapses is Over Due to Institutional Adoption

Cathie Wood, CEO of Ark Invest, stated during a recent interview on CNBC's "Squawk Box" that the era of massive Bitcoin price collapses is likely over. Wood specified that Bitcoin will no longer face extreme price corrections of 85% to 95% from its new All-Time High (ATH), a pattern observed in previous market cycles. She attributes this newfound stability to the asset's maturation and the increasing entry of institutional investors who now view Bitcoin as a legitimate asset class. According to Wood, the shift from retail-driven speculation to institutional asset allocation provides a stronger price floor and mitigates extreme volatility. While market fluctuations will persist, the presence of major financial institutions is expected to reduce the severity of future corrections. This outlook provides significant long-term psychological support for the BTC/USD pair and the broader cryptocurrency market.