Bitcoin Faces Setback, Yet Cathie Wood Remains Confident in Long-Term Bullish Outlook
Bitcoin's Current Performance: Bitcoin is down 16% over the past year, with lower volatility indicating a shift towards institutional ownership rather than retail speculation.
ARK's Long-Term Outlook: ARK Investment Management maintains a positive long-term outlook for Bitcoin, despite recent market stresses and a significant liquidity event tied to software issues at Binance.
Market Behavior Changes: The volatility of Bitcoin has significantly declined compared to earlier cycles, reflecting its transition from a retail-driven asset to one increasingly held by institutions.
Emerging Market Trends: ARK has adjusted its Bitcoin framework to account for the rise of stablecoins and changing payment use cases, while emphasizing that Bitcoin's long-term value proposition remains intact.
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