๐ Cathie Woodโs most important line this month: BTC has hit bottom and will restart its uptrend
ARK Invest CEO Cathie Wood said on a July 3 podcast that:
โBitcoin has entered a bottoming-out phase and will resume a broad uptrend amid volatility.โ
Her bottom call is based on several key logics:
โ This selloff didnโt cause systemic damage: no exchange failures, no stablecoin de-pegging, and the U.S. strategic BTC reserves are intact
โก Strategy has accumulated purchases of 171,238 BTC (as of May), nearly 3x the minersโ output in the same periodโthis kind of โprice-insensitive buyingโ provides support
โข ETFs continue to absorb BTC supply in the market; for every ETF share issued, there is less BTC available for selling
ARKโs 2030 BTC target price: $730,000
From todayโs $65,000 to $730,000 in 2030, the required annualized compound growth rate is about 72%.
Has BTC ever achieved that pace before?
2016โ2021: Annualized gains exceeded 200%.
This isnโt a promiseโitโs a number you need to judge for yourself.
Do you think ARKโs bottom call is credible?๐
#BTC #ARKInvest #BinanceSquare