Cathie Wood, the CEO of Ark Invest, has made a significant bullish declaration for Bitcoin (BTC), stating that the cryptocurrency has likely seen the bottom of its current cycle. In an interview on CNBC's 'Halftime Report', Wood asserted, "We're pretty well through the down cycle here. It will be the shallowest four-year cycle decline in Bitcoin's short history, and then we're off again." She based this on Bitcoin's historical four-year halving cycle patterns.
Wood directly addressed fears of a deeper capitulation, suggesting traders should be bullish as Bitcoin's recent decline did not match the severity of past cycles. However, she cautioned that the BTC price could retest a support level around $80,000 before rebounding to new all-time highs. She attributed the anticipated bullish rebound to a fundamental shift in the global monetary system and Bitcoin's growing role as a leader in a new asset class, bolstered by institutional interest and regulatory clarity.
Further elaborating in Ark Invest's "Big Ideas 2026" report, Wood positioned Bitcoin as superior digital gold, predicting it will outperform the precious metal by 2026. The report highlights Bitcoin's fixed supply as a key advantage over gold's expandable supply. This outlook is supported by tangible data: Ark anticipates a 19.7% rise in Bitcoin ETF balances, and notes that public company Bitcoin holdings increased by 73% in the previous year.
Wood also pointed to capital rotation from precious metals like gold into Bitcoin, evidenced by strong inflows into U.S. spot Bitcoin ETFs, which recorded net cash inflows of over $726 million in January 2026 alone. Despite Bitcoin underperforming gold and silver in the past year, Ark Invest's analysis suggests this trend is poised to reverse, solidifying Bitcoin's status as a premier store of value in the digital age.
