Cathie Wood, CEO of ARK Invest, said she believes Bitcoin has already moved past its most recent downturn. According to her assessment, the crypto market likely formed a local bottom several weeks ago, even as volatility and macro uncertainty briefly pressured prices.
Wood’s view aligns with increasing optimism among long-term crypto investors who see recent pullbacks as consolidation rather than the start of a deeper correction. She noted that underlying fundamentals – from institutional inflows to technological progress – remain supportive of a long-term upward trend.
Analysts also point to growing adoption of Bitcoin-focused financial products as a stabilizing force. With sentiment improving, Wood argues the market may now be shifting toward its next accumulation phase, setting the stage for potential upside in the coming months.