{"id":40010,"date":"2026-04-04T10:27:37","date_gmt":"2026-04-04T10:27:37","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=40010"},"modified":"2026-04-04T10:27:37","modified_gmt":"2026-04-04T10:27:37","slug":"bitcoins-85-crash-era-is-over-its-now-a-proven-technology-cathie-wood-says","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=40010","title":{"rendered":"Bitcoin\u2019s 85% Crash Era Is Over: \u2018It\u2019s Now A Proven Technology\u2019, Cathie Wood Says"},"content":{"rendered":"

As Bitcoin (BTC) holds the crucial $65,000 to $66,000 area, Ark Invest CEO and CIO Cathie Wood has discussed the flagship crypto\u2019s current downturn, affirming that the era of severe pullbacks is over.<\/p>\n

50% Bitcoin Correction Could Be A \u2018Real Victory\u2019<\/h2>\n

In a recent interview on CNBC\u2019s Squawk Box, Ark Invest CEO Cathie Wood affirmed<\/a> that Bitcoin has matured over the last few years, citing broader adoption and growing institutional demand for the flagship crypto.<\/p>\n

Wood said that Bitcoin is a \u201cproven technology\u201d and a \u201cproven monetary system,\u201d adding that the industry is \u201cseeing now is the institutionalization of this new asset class that has had a very low correlation with other asset classes.\u201d Therefore, \u201cthe 85%, 95% collapses associated with a very new technology, that\u2019s done.\u201d<\/p>\n

To the CEO, the ongoing market correction, which has reduced Bitcoin\u2019s value by nearly half from its October peak, could be viewed as a \u201creal victory\u201d rather than a sign of weakness for the Bitcoin community, as it would mark a significant decline from its historical crashes during previous bear markets.<\/p>\n

Last year, Wood trimmed<\/a> her Bitcoin prediction for 2030 from $1.5 million to $1.2 million. However, she has reiterated her view that Bitcoin will serve as a store of value and global settlement system.<\/p>\n

She previously asserted that growing institutional adoption will be a powerful driver for long-term value for the flagship crypto, adding that it has only begun. \u201cInstitutions really have just dipped their toes into this space. We have just started, so we have a long way to go,\u201d she stated.<\/p>\n

Analysts Say BTC Bottom Is Much Lower<\/h2>\n

Despite Wood\u2019s outlook, other market analysts have forecasted much lower targets for BTC\u2019s bottom. Recently, Bloomberg senior strategist Mike McGlone suggested that a \u201cbursting crypto bubble\u201d scenario is looming for the leading cryptocurrency.<\/p>\n

As reported<\/a> by NewsBTC, McGlone affirmed that Bitcoin could drop as low as $10,000 this year, noting that this level was a common trading price before 2020-2021 and \u201cthe first-born crypto\u2019s most traded price since 2017.\u201d<\/p>\n

Market watcher Crypto Jelle recently pointed out that the cryptocurrency\u2019s bear market lows have historically formed below the Fibonacci 0.618 retracement levels, which could place BTC\u2019s bottom below the $57,000 area.<\/p>\n

Meanwhile, analyst Ali Martinez said<\/a> that BTC\u2019s final correction before the next bull run could send the price 40%-50% down toward the $30,000-$40,000 area, based on its historical performance.<\/p>\n

The analyst explained that the crossover between BTC\u2019s 50 and 200 Simple Moving Averages (SMAs) has historically signaled the bottom of every major cycle over the past twelve years.<\/p>\n

As he detailed, the crossover has consistently marked the start of the final leg down before the next bull market, with the price declining another 50% when the 50- and 200-SMAs crossed in previous cycles.<\/p>\n

Notably, Bitcoin has seen a 52% correction from its October 2025 peak, and the SMAs crossed over on February 27, which could suggest that another major correction is due, if history repeats.<\/p>\n

\"Bitcoin,<\/p>","protected":false},"excerpt":{"rendered":"

As Bitcoin (BTC) holds the crucial $65,000 to $66,000 area, Ark Invest CEO and CIO Cathie Wood has discussed the flagship crypto\u2019s current downturn, affirming that the era of severe pullbacks is over. 50% Bitcoin Correction Could Be A \u2018Real Victory\u2019 In a recent interview on CNBC\u2019s Squawk Box, Ark Invest CEO Cathie Wood affirmed […]<\/p>\n","protected":false},"author":1,"featured_media":40011,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-40010","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"\nBitcoin\u2019s 85% Crash Era Is Over: \u2018It\u2019s Now A Proven Technology\u2019, Cathie Wood Says - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=40010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin\u2019s 85% Crash Era Is Over: \u2018It\u2019s Now A Proven Technology\u2019, Cathie Wood Says - 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