ARK Invest’s Cathie Wood has mentioned that Bitcoin’s market structure remains robust, suggesting that the leading cryptocurrency may be on the brink of a significant breakout. In a recent Barron’s report, Wood discussed at the Cboe Global Markets 2025 Bitcoin Outlook webinar that the sideways movement of Bitcoin around the $90,000 range this month is considered “extremely healthy.”
Wood emphasized the importance of a market that doesn’t simply surge upward continuously, stating, “We would not want the market to continue straight up to the right without looking back. We want a wall of worry.” She also pointed out that institutional adoption of Bitcoin is still in its early stages, with money managers now having a responsibility to consider adding BTC to their portfolios.
Highlighting the scarcity of Bitcoin, Wood mentioned that only around 1 million Bitcoins are left to mine, underscoring the increasing demand from institutions. She noted, “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 also predicted a significant breakout for Bitcoin once there is more regulatory clarity, which is expected under pro-crypto US President Donald Trump, along with clarity on Trump’s tax policies. She believes that once the regulatory and tax landscapes are clearer, there will be a surge of innovation in Bitcoin and other digital assets.
As of the current update, Bitcoin is trading at $92,133, showing a 4% decrease in the last 24 hours.
