ARK Invest CEO Cathie Wood: Bitcoin Bull Market Only at Midpoint

ARK Invest CEO Cathie Wood asserts that Bitcoin (BTC) is currently only halfway through its bull market cycle. In an interview with Peter Diamandis, Wood explained that ARK’s analysis indicates significant price increases are still ahead, as parabolic rises typically occur towards the end of bull markets. ARK’s dedicated crypto team, including a Bitcoin on-chain analyst, supports this view based on historical trends.
Additionally, Wood predicts that within the next few months, major financial firms like Morgan Stanley, UBS, or Bank of America might begin offering spot Bitcoin ETFs, potentially boosting Bitcoin adoption. She noted that while these firms are still performing due diligence, once a smaller advisor like LPL lists a spot Bitcoin ETF, others are likely to follow.