Cathie Wood: Bitcoin Bull Run Is Only Halfway, Parabolic Move Coming!

Cathie Wood, exciting investors by saying the Bitcoin (BTC) bull run is only halfway through.

ARK Invest CEO Cathie Wood spoke about Bitcoin in a recent interview with science and technology entrepreneur Peter Diamandis. Wood stated that the Bitcoin bull run is only halfway through, and when parabolic and massive increases start to be seen, it could indicate the end of the bull run.

However, being halfway through the bull run does not mean there is a 50% increase in price left, the CEO noted. She pointed out that parabolic increases seen at the end of the bull run could drive the price to unpredictable levels:

“We have four people at ARK working on crypto, one of whom is dedicated to Bitcoin on-chain analytics. According to these analyses, we believe we are halfway through the current bull market. And this does not mean we are halfway through the price increase because, you know, at the end of the bull market, prices tend to become parabolic. Based solely on on-chain analysis, we feel very strongly about Bitcoin.”

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