Cathie Wood: The crypto market may be approaching a potential bottom range

On February 8th, ARK Invest CEO Cathie Wood said, “The key to achieving diversified asset allocation is to introduce new assets with low correlation to existing assets, and Bitcoin fits this criterion. The addition of low-correlation assets can, in the long run, enhance risk-adjusted returns. Therefore, I believe institutions are indeed taking cryptocurrencies seriously. Previously, they might have hesitated due to the ‘four-year cycle’ theory. Whether or not a four-year cycle exists, the market has indeed experienced a significant decline and is currently approaching what many technical analysts consider a potential low point. When approaching the bottom, markets often experience intense volatility. People often say afterward, ‘I wish I had bought at that low point.’ The V-shaped rebound has already been quite remarkable.” Of course, this is not a form of promise, but it seems that multiple factors are gradually aligning.