PANews reported on December 10th, citing Cryptobriefing, that Cathie Wood, CEO of ARK Invest, believes Bitcoin is entering a phase where institutional adoption may prevent a significant price drop. In a recent interview with "Mornings with Maria," she stated, "Bitcoin's role as a risk-averse asset may break its historical four-year boom-and-bust cycle, where it often experienced 75% to 90% drops in its early stages. Its volatility is decreasing, currently down by about 30%. While Bitcoin has acted as a safe-haven asset during past crises, including the European sovereign debt crisis and the US regional banking crisis, it is now exhibiting characteristics of a risk-averse asset. There are concerns about Bitcoin's four-year cycle pattern, but institutional participation in this asset class may prevent further declines. Bitcoin's price may have bottomed out a few weeks ago." Bitcoin has fallen 20% in the past three months, while gold prices have climbed nearly 60% this year. Wood predicts this trend may reverse next year, with gold prices potentially falling and Bitcoin poised to rise. Wood stated, "Gold is now more of a safe-haven asset, and its rise reflects the anxieties we face, with investors using it to hedge against geopolitical risks. Looking back to the early 1980s and late 1990s, as we entered a true golden age of innovation, ending with the internet age, gold prices steadily declined. We believe the same scenario may unfold again today, with Bitcoin continuing to act as a risk-averse asset and regaining momentum."PANews reported on December 10th, citing Cryptobriefing, that Cathie Wood, CEO of ARK Invest, believes Bitcoin is entering a phase where institutional adoption may prevent a significant price drop. In a recent interview with "Mornings with Maria," she stated, "Bitcoin's role as a risk-averse asset may break its historical four-year boom-and-bust cycle, where it often experienced 75% to 90% drops in its early stages. Its volatility is decreasing, currently down by about 30%. While Bitcoin has acted as a safe-haven asset during past crises, including the European sovereign debt crisis and the US regional banking crisis, it is now exhibiting characteristics of a risk-averse asset. There are concerns about Bitcoin's four-year cycle pattern, but institutional participation in this asset class may prevent further declines. Bitcoin's price may have bottomed out a few weeks ago." Bitcoin has fallen 20% in the past three months, while gold prices have climbed nearly 60% this year. Wood predicts this trend may reverse next year, with gold prices potentially falling and Bitcoin poised to rise. Wood stated, "Gold is now more of a safe-haven asset, and its rise reflects the anxieties we face, with investors using it to hedge against geopolitical risks. Looking back to the early 1980s and late 1990s, as we entered a true golden age of innovation, ending with the internet age, gold prices steadily declined. We believe the same scenario may unfold again today, with Bitcoin continuing to act as a risk-averse asset and regaining momentum."

                                                                               Strive, co-founded in 2022 by American entrepreneur Vivek Ramaswamy, launched a $500 million preferred stock offering to acquire more Bitcoin and Bitcoin-related products.                     Publicly traded asset manager and Bitcoin treasury company Strive has announced a $500 million stock sales program to raise funds for additional BTC purchases.The firm, which was co-founded in 2022 by American entrepreneur and politician Vivek Ramaswamy, stated on Tuesday that it intends to use the net proceeds from the sale for “general corporate purposes, including, among other things, the acquisition of Bitcoin and Bitcoin-related products and for working capital.”It also intends to purchase “income-generating assets” to grow the company’s business, but did not specify which. Read more