According to a video shared by Odaily, ARK Invest CEO Cathie Wood maintains that Bitcoin remains firmly in a bull market. Wood emphasized her confidence in the broader upward trend despite persistent volatility and shifting sentiment across the crypto sector.
Cathie Wood Declares Bitcoin Bull Market Intact Amid Market Volatility
“Our conviction in Bitcoin has not wavered,” Wood stated, underscoring ARK’s view that the asset is positioned to benefit from long-term structural adoption. She pointed to growing institutional interest and the increasing role of Bitcoin as a hedge against monetary debasement as drivers of this cycle.
ARK Invest has been among the most prominent institutional advocates for Bitcoin. The firm has consistently increased exposure to Bitcoin-related products, including the ARK 21Shares Bitcoin ETF (ARKB), which offers direct spot Bitcoin access to investors. Wood has previously predicted that Bitcoin could reach $1 million per coin over the next decade, citing accelerating network effects and rising demand from both retail and professional investors.
Her latest comments come as Bitcoin continues to trade in a broad consolidation range, with analysts divided over whether the market is preparing for a deeper correction or the next leg higher. While short-term sentiment has been mixed, Wood argued that the fundamental case for Bitcoin remains intact, particularly as regulatory clarity advances in major markets like the United States.
