Cathie Wood: The Days of Big Crashes in Bitcoin Are Over

Cathie Wood said Bitcoin has matured into a “proven technology” and monetary system, arguing that institutional adoption has reduced the likelihood of the historic 85–95% collapses. She highlighted growing institutional demand as a stabilizing force and reiterated her forecast that Bitcoin could reach $1.2 million by 2030. The piece notes Bitcoin is trading around $78,000, is down about 11% year-to-date, and remains well below last year’s peak above $126,000. Wood’s comments are bullish for crypto markets, implying reduced tail-risk, greater institutional flows, and potential upside if adoption continues.