Cathie Wood says Bitcoin is 'threatening' new highs
Cathie Wood says Bitcoin is 'threatening' new highs originally appeared on TheStreet.
ARK Invest CEO Cathie Wood believes, "We are still in a bull market for Bitcoin."
A veteran fund manager, Wood is a strong Bitcoin advocate who earlier predicted Bitcoin's price could surpass $1.5 million. Her firm, ARK Invest, keeps holdings in crypto stocks such as Coinbase (Nasdaq: COIN), Circle (Nasdaq: CRCL), and Robinhood (Nasdaq: HOOD).
On July 3, Wood appeared on ARK's "In The Know" show on YouTube, in which she talked about the recent price movement of Bitcoin.
Bitcoin has recently been "threatening new highs" and been acting like a risk-off asset, Wood said. More people are willing to hold BTC, along with gold, especially during the market tremor, she added.
The ARK Invest CEO also highlighted the resilience of Bitcoin amid recent crises such as the tariff hikes announced by President Donald Trump on the so-called "Liberation Day" on Apr. 2 and the U.S. bombing of Iran's nuclear facilities on June 21.
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Trump's tariff policy led to Bitcoin's price falling from $85,180.61 on Apr. 2 to $76,273.56 on Apr. 9 until he withdrew all hikes except those on China. The cryptocurrency soon reached pre-Apr. 2 levels on Apr. 13.
After more than a month, Bitcoin hit a new all-time high (ATH) of $111,970.17 on May 22.
Though Bitcoin's price fell below the $99,000 mark on June 22 during the U.S.-Israel-Iran conflict, it quickly recovered above the $105,000 mark on June 24.
"Bitcoin really held its own," Wood said. "I think that's a very, very positive thing."
As per Kraken's price feed, Bitcoin was trading at $109,040.47 at the time of writing.
Cathie Wood says Bitcoin is 'threatening' new highs first appeared on TheStreet on Jul 4, 2025
This story was originally reported by TheStreet on Jul 4, 2025, where it first appeared.
