Cathie Wood: Bitcoin Bull is Only Halfway, Parabolic Movement is Coming!

Cathie Wood excited investors by saying that the Bitcoin (BTC) bull is only halfway through.

ARK Invest CEO Cathie Wood talked about Bitcoin in a recent interview with science and technology entrepreneur Peter Diamandis.

Stating that the Bitcoin bull is only halfway through, Wood said that when parabolic and gigantic increases begin to be seen, this may indicate the end of the bull.

However, stating that being in the middle of the bull does not mean that there is room for a 50% increase in price, the CEO noted that the parabolic rises seen at the bull ends can take the price to an unpredictable place:

We have four people working on crypto at ARK, one dedicated to Bitcoin on-chain analytics.

Given these, we believe we are halfway through the current bull market. And that doesn't mean we're halfway through the price increase, because, you know, at the end of a bull market, prices tend to go parabolic. Based on on-chain analysis alone, we feel very strongly about Bitcoin.

Wood also predicted that at least one major bank could begin listing spot Bitcoin exchange-traded funds (ETFs) within the next few months, which would have a significant positive impact on the market.

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