Cathie Wood on Bitcoin’s Market Structure

ARK Invest’s Cathie Wood believes Bitcoin’s (BTC) market structure is strong, indicating a potential for a significant breakout soon.

At the Cboe Global Markets 2025 Bitcoin Outlook webinar, Wood remarked that Bitcoin’s recent sideways trading within the $90,000 range this month is “extremely healthy.”

> “We would not want the market to continue straight up to the right without looking back. We want a wall of worry.”

Wood pointed out that institutional adoption of Bitcoin is still in its “early stages,” and that money managers have a “fiduciary responsibility” to consider BTC for their portfolios. She also highlighted that only about 1 million Bitcoin remain to be mined, emphasizing the asset’s scarcity and noting growing institutional demand.

> “In terms of the ramp in Bitcoin’s price, we’re at nearly 20 million out of the 21 million units outstanding and only now are institutions getting involved.”

Wood anticipates a massive breakout for Bitcoin with further regulatory clarity expected under pro-crypto President Donald Trump, along with insight into upcoming tax cuts.

> “I think the regulatory regime, clarity there, is going to unleash a huge amount of innovation around Bitcoin and other digital assets… Once we understand when the tax cuts are, when the regulation cuts are, there will be an unleashing of animal spirits.”

As of now, Bitcoin is trading at $92,133, down 4% in the last 24 hours.

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