Cathie Wood Predicts Bitcoin's Institutional Adoption May Stabilize Its Price

According to PANews, ARK Invest CEO Cathie Wood has expressed optimism about Bitcoin's future, suggesting that institutional adoption could prevent significant price declines. In a recent interview on 'Mornings with Maria,' Wood stated that Bitcoin's role as a risk asset might disrupt its historical four-year boom-and-bust cycle, which previously saw price drops of 75% to 90%. She noted that Bitcoin's volatility is decreasing, with current declines around 30%. Despite Bitcoin's past role as a safe-haven asset during crises like the European sovereign debt crisis and the U source: https://www.binance.com/en/square/post/33504888324721?utm_source=BinanceNewsRSS