Cathie Wood Discusses Bitcoin’s Current Bull Cycle and ETF Prospects

ARK Invest CEO Cathie Wood believes Bitcoin (BTC) is only halfway through its current bull market cycle.

In an interview with science and tech entrepreneur Peter Diamandis, Wood explained that ARK’s analysis suggests that the bull market is not yet nearing its end. She highlighted that parabolic price increases typically occur towards the end of bull markets, indicating a significant rise still ahead.

Wood shared that ARK has a dedicated team focusing on crypto, with one member specializing in Bitcoin on-chain analytics. Based on their analysis, which considers the relatively short history of Bitcoin, they believe the current bull market is at its midpoint.

This midpoint does not necessarily imply that the price increase is halfway complete, as the most dramatic price surges often happen in the latter stages.

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Additionally, Wood predicts that at least one major financial firm, such as Morgan Stanley, UBS, Wells Fargo, Bank of America, or Merrill Lynch, may start offering spot Bitcoin exchange-traded funds (ETFs) in the next few months, potentially leading to a surge in Bitcoin adoption.

She noted that none of these major firms have listed Bitcoin ETFs on their platforms yet, as they are still conducting due diligence.

However, Wood anticipates that once one firm, possibly a smaller independent registered investment advisor like LPL, lists a spot Bitcoin ETF, other firms will quickly follow suit.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.