Cathie Wood: Bitcoin’s Era of 85–95% Crashes Is Over
Add ZyCrypto News On Google The CEO of ARK Invest, Cathie Wood, has stated that Bitcoin is now a proven asset and it won’t face an 85% price correction from its new All-time High (ATH) during this bear market. She gave…
Cathie Wood, CEO of ARK Invest, told CNBC’s Squawk Box that Bitcoin has matured into a demonstrated asset class and is unlikely to suffer one of the extreme 85–95% price collapses seen in its early years. Her view runs counter to some analysts predicting far deeper downside, with targets below $40,000.
At the time of the interview Bitcoin traded near $67,000, roughly 47% under an all-time high of $126,500. Despite geopolitical turbulence in the Middle East and concerns about potential holder capitulation, the coin has held up relatively well. Market bottom estimates vary widely — some put support between about $30,000 and $56,000 — but Wood argued the conditions that once produced dramatic crashes are changing.
Wood said Bitcoin has evolved from “very new tech” into a proven technology, a functioning monetary system, and a distinct asset class. She cited growing institutional adoption, reduced correlation with traditional markets, and what she sees as a strengthening price floor and lower cycle volatility as signs of maturation. In her words, the kind of 85–95% collapses associated with an immature technology are now in the past.
Historical cycles illustrate why investors remain cautious: in the 2016–2018 period Bitcoin plunged from about $20,000 to $3,000 (near a 90% decline), and in the 2020–2022 cycle it fell from roughly $69,000 to about $15,600 (around a 76% drop). This year’s largest drawdown has been approximately 52% when prices retreated from the $60,000 area — a pullback many in the community view as comparatively mild.
Analysts disagree on where this cycle’s floor might land. On the conservative side, Willy Woo has modeled a bottom in the $46,000–$54,000 range, and chart analyst Ali Charts points to long-term support near $54,000. Skeptics such as Peter Schiff continue to forecast much deeper declines, with some targets as low as $10,000.
Wood’s message: while corrections remain possible, the era of catastrophic, near-total drawdowns tied to Bitcoin’s infancy may be over as the market matures and institutional interest deepens.
