Bitcoin extends dip below $96,000 as panic selling intensifies. Cathy Woods remains optimistic about BTC's 2030 prospects, citing robust institutional demand.
Ark Invest CEO Cathy Woods reiterates her bullish case for BTC and stands by her $1 million prediction during a recent interview.holders this week as the cryptocurrency has been in freefall. The coin dropped from $108,364 on Tuesday, 17th December, to $95,537 on Thursday, its biggest successive pullback since August.
While sellers took advantage of the information, the downward pressure may have created more FUD. As a result, bullish sentiments were further eroded. Especially considering that the holidays are here and investors are likely to make withdrawals for holiday spending., there are those that still hold on to bullish optimism. Among them is Ark Invest CEO Cathy Wood who still believes in Bitcoin’s ability to rally to $1 million per coin.
The Bitcoin halving earlier this year was the most significant and perhaps understated development for institutional adoption. This is because the halving meant that Bitcoin’s annual rate of supply became lower than that of gold.
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