The post Cathie Wood sees Bitcoin entering a new phase with less severe drawdowns appeared on BitcoinEthereumNews.com. Key Takeaways Cathie Wood predicts institutional adoption will reduce Bitcoin’s price volatility and limit severe drawdowns. Wood expects Bitcoin to outperform gold in the coming year as market dynamics shift. ARK Invest CEO Cathie Wood believes Bitcoin is transitioning into a phase where institutional adoption may prevent severe price declines. Speaking in an interview with ‘Mornings with Maria’ this morning, Wood said that Bitcoin’s role as a risk-on asset could disrupt its historical four-year cycle of boom and bust. “We think the four-year cycle is going to be disrupted,” Wood said. “Bitcoin regularly dropped 75% to 90% in its early days. The volatility is going down. It’s down about 30-some-odd percent.” The ARK head noted that Bitcoin is behaving as a risk-on asset, though it has played a risk-off role during past crises, including the European sovereign debt crisis and the US regional bank crisis. She said there is fear around Bitcoin’s four-year cycle pattern, but institutional participation in the asset class is likely to prevent deeper declines. “We may have seen the low a couple of weeks ago,” she said. Bitcoin has dropped 20% over the past three months, whereas gold has climbed close to 60% year-to-date. Wood predicts this trend could flip next year, with gold likely to retreat and Bitcoin poised for gains. “Now, gold is more of a risk-off asset, and its rise is proof that we are climbing a wall of worry,” she emphasized. “Investors are using gold as a hedge against geopolitical risk.” “If you look at what happened from the early 80s to the late 90s, gold went down as we were in really the golden age of innovation, ending with the Internet. We think the same could happen now, and that Bitcoin will remain a risk-on and re-engage,” she added. Bitcoin is… The post Cathie Wood sees Bitcoin entering a new phase with less severe drawdowns appeared on BitcoinEthereumNews.com. Key Takeaways Cathie Wood predicts institutional adoption will reduce Bitcoin’s price volatility and limit severe drawdowns. Wood expects Bitcoin to outperform gold in the coming year as market dynamics shift. ARK Invest CEO Cathie Wood believes Bitcoin is transitioning into a phase where institutional adoption may prevent severe price declines. Speaking in an interview with ‘Mornings with Maria’ this morning, Wood said that Bitcoin’s role as a risk-on asset could disrupt its historical four-year cycle of boom and bust. “We think the four-year cycle is going to be disrupted,” Wood said. “Bitcoin regularly dropped 75% to 90% in its early days. The volatility is going down. It’s down about 30-some-odd percent.” The ARK head noted that Bitcoin is behaving as a risk-on asset, though it has played a risk-off role during past crises, including the European sovereign debt crisis and the US regional bank crisis. She said there is fear around Bitcoin’s four-year cycle pattern, but institutional participation in the asset class is likely to prevent deeper declines. “We may have seen the low a couple of weeks ago,” she said. Bitcoin has dropped 20% over the past three months, whereas gold has climbed close to 60% year-to-date. Wood predicts this trend could flip next year, with gold likely to retreat and Bitcoin poised for gains. “Now, gold is more of a risk-off asset, and its rise is proof that we are climbing a wall of worry,” she emphasized. “Investors are using gold as a hedge against geopolitical risk.” “If you look at what happened from the early 80s to the late 90s, gold went down as we were in really the golden age of innovation, ending with the Internet. We think the same could happen now, and that Bitcoin will remain a risk-on and re-engage,” she added. Bitcoin is…

                                                                               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