ARK Invest’s Cathie Wood reportedly says that Bitcoin’s (BTC) market structure remains strong and the flagship crypto asset may soon have a massive breakout.
According to a new Barron’s report, Wood says at the Cboe Global Markets 2025 Bitcoin Outlook webinar that the sideways trading of the top digital asset in the $90,000 range this month is “extremely healthy.”
[adinserter block="1"]Says Wood,
“We would not want the market to continue straight up to the right without looking back. We want a wall of worry.”
Wood also says that institutional adoption of Bitcoin is in its “early stages” and money managers now have “some fiduciary responsibility” to explore adding BTC to their portfolio.
She notes that there remains only about 1 million Bitcoin left to mine, highlighting its scarcity properties, while emphasizing the demand from institutions is just starting to increase.
“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.”
Lastly, Wood predicts a massive breakout for Bitcoin once there is increased regulatory clarity that is expected under pro-crypto US President Donald Trump as well as clarity around what Trump’s tax cuts will be.
“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.”
Bitcoin is trading for $92,133 at time of writing, down 4% in the last 24 hours.
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