Cathie Wood Predicts Bitcoin's Drawdown Days Are Over
April 3, 2026 at 11:28
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✦ AI Summary
- Cathie Wood claims Bitcoin is now a 'proven' asset
- She suggests Bitcoin won't see 85% crashes again
- Wood sets a new target of $34,000 for Bitcoin
Cathie Wood, the CEO of ARK Invest, asserts that Bitcoin has matured into a "proven" asset, suggesting that the days of severe drawdowns, specifically those exceeding 85% from its all-time highs, are over.
Her prediction reflects a growing confidence in Bitcoin's resilience and stability in the cryptocurrency market.
In this optimistic outlook, Wood has also set a new price target for Bitcoin at $34,000, indicating her belief in significant future growth.
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