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Why She Thinks the Crypto Is About to Be \"Unleashed\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2513222245","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2513222245?lang=en_us&edition=fundamental","pubTime":"2025-02-22 15:57","pubTimestamp":1740211029,"startTime":"0","endTime":"0","summary":"Since crossing the $100,000 mark for the first time in late 2024, Bitcoin has largely traded sideways. That is an \"extremely healthy\" sign for the world's largest cryptocurrency, according to ARK Investment Management CEO Cathie Wood.\"We would not want the market to continue straight up to the right without looking back. We want a wall of worry,\" Wood told attendees at the Cboe Global Markets 2025 Bitcoin Outlook webinar on Friday.The longtime Bitcoin bull has previously predicted that the crypto's price could reach $1.5 million. During the webinar, she called Bitcoin a promising new asset class that money managers have \"some fiduciary responsibility\" to understand. Institutional adoption of Bitcoin is in its \"early stages,\" she said.\"In terms of the ramp in Bitcoin's price, we're at nearly 20 million out of the 21 million units outstanding and only now are institutions getting involved,\" Wood said. 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Coinbase rose 5%; Bitfarms rose 2%; MARA Holdings, Riot Platforms, and Strategy rose 1%. 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