Ark Invest’s Cathie Wood: Bitcoin’s Four-Year Cycle Will Be ‘Disrupted’

Famed tech capitalist Cathie Wood, CEO of Ark Invest, has argued that Bitcoin’s historical four-year rhythm volition beryllium “disrupted” arsenic institutions person progressively piled into the asset.

Where Bitcoin “regularly dropped 75-90% successful its aboriginal days,” Wood said successful an interrogation with Fox Business Tuesday, much recently, “The volatility’s going down.”

“We deliberation that the determination by institutions into this caller plus people is going to forestall overmuch much of a decline,” she added, arguing that, “We whitethorn person seen the debased a mates of weeks ago.”

Every 4 years, the reward for mining caller blocks connected the Bitcoin blockchain halves. The past specified "halving" occurred connected April 20, 2024, erstwhile the reward for caller blocks was slashed to 3.125 bitcoins. Historically, halvings person triggered bull runs by reducing the proviso of caller BTC.

What Is the Bitcoin Halving? How Bitcoin's Supply Is Limited

Wood besides delved into her content that Bitcoin is present functioning much arsenic a “risk-on asset”—one that moves successful enactment with the show of the broader economy, specified arsenic stocks oregon existent estate. In contrast, a “risk-off asset” is 1 investors crook to successful times of occupation oregon volatility, for example, golden during the 2008 fiscal crisis.

She argued that Bitcoin has “played the risk-off relation astatine antithetic times successful its history,” specified arsenic during the European sovereign indebtedness situation oregon the US determination banking turmoil of 2023. But now, she believes Bitcoin has flipped backmost to risk-on.

“Now, golden is much of a risk-off asset,” she said. “We deliberation this is impervious that we are climbing a partition of worry. Investors are utilizing golden arsenic a hedge against geopolitical risk.”

On prediction marketplace Myriad, owned by Decrypt’s genitor institution Dastan, users spot conscionable a 4% accidental connected Bitcoin outperforming golden successful 2025.

Wood has continued to marque pro-crypto bets successful caller months. Ark purchased further shares successful crypto speech Coinbase, stablecoin issuer Circle, and its ain Bitcoin ETF, the Ark 21Shares Bitcoin ETF (ArkB), astatine the extremity of November.

Cathie Wood's Ark Invest Loads Up connected Google, Coinbase, Circle and Bitcoin ETF Shares

Wood is acold from unsocial successful predicting the extremity of Bitcoin’s historical “four-year cycle.” Earlier this week, British slope Standard Chartered released a study arguing that the advent of ETF buying has rendered the accepted halving rhythm “no longer relevant” arsenic a terms driver.

“With the advent of ETF buying, we deliberation the BTC halving rhythm is nary longer a applicable terms driver,” wrote Standard Chartered expert Geoffrey Kendrick, arguing that, “The logic successful erstwhile cycles (when US ETFs did not exist)—i.e., prices would highest astir 18 months aft each halving and diminution thereafter—is nary longer valid, successful our view.”