BTC/USD: Bitcoin Still Early, Cathie Wood Says as She Maintains $1 Million Price Target
Disruptive tech-loving ARK CEO told conference attendees institutional investors are yet to tap into BTC, which is almost out of supply. 🚀 Wood Praises Bitcoin (Well, Duh)Bitcoin is an asset where it’s still early to get in, Cathie Wood said in her speech at the Cboe Global Markets 2025 Bitcoin Outlook webinar on Friday. The ARK Investment Management chief executive unsurprisingly floated bullish projections for the orange coin with some added hype in there. “We would not want the market to continue straight up to the right without looking back. We want a wall of worry,” Wood said as Bitcoin was hovering under $100,000, coming from its all-time high of $109,000 hit in January. Previously, she’s placed Bitcoin in the rarefied air of . 📌 Final BTC Coming Out When?At the event, Wood, who is a vocal supporter of the crypto asset space, said that institutional adoption of Bitcoin is still in its “early stages” and billed the token as a promising new asset class, which is already in the final stages of its distribution cycle. “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.” Presently, 19.82 million tokens have been mined and put in circulation of a total of 21 million coins. But due to the process called halving, the final Bitcoin is expected to be mined around the year 2140. 👉 What’s the Outlook?Bitcoin prices stayed fairly flat and even slowly to the downside Monday morning. Gravitating toward $95,000 a piece, the flagship cryptocurrency is down about 12% from its record high as lack of news has put crypto traders in a deep sleep. But that can all change soon. Very soon. The White House’s is expected to soon reveal its conclusions about whipping up crypto friendly legislation that will help the industry expand and include more institutions and consumers and further lower the entry barrier for both businesses and users.