Cathie Wood: BTC will never again fall more than 80%

Cathie Wood, CEO of crypto investment firm and spot BTC ETF issuer Ark Invest, told CNBC that Bitcoin will never again experience a drop of more than 80%. She added that BTC is now a proven monetary system and that the "bottom is in." A long-time Bitcoin bull, Wood has recently argued that increasing institutional participation has matured the market. In her view, Bitcoin is now regarded as a stable store of value rather than a purely speculative asset, which will limit the severity of future price declines.