Cathie Wood: Institutional entry will break Bitcoin's four-year cycle
According to Odaily Planet Daily, Ark Invest CEO Cathie Wood stated in an interview with Fox Business that Bitcoin's historical four-year cycle will be "broken" due to the massive influx of institutional investors.
Cathie Wood believes that institutional entry into this new asset class will prevent a larger drop in Bitcoin's price, and that Bitcoin's volatility is decreasing.
She also pointed out that Bitcoin is now playing the role of a "risk-on asset," in contrast to gold, which is more of a "risk-off asset."
Furthermore, Standard Chartered, a British bank, expressed a similar view in a report released earlier this week, arguing that the emergence of ETFs has rendered the traditional Bitcoin halving cycle "no longer relevant" as a price driver. Standard Chartered has lowered its 2025 Bitcoin price forecast from $200,000 to $100,000.
