Cathie Wood: The crypto market may be approaching a potential bottom range
BlockBeats News, on February 8, ARK Invest CEO Cathie Wood stated, "The key to achieving diversified asset allocation is to introduce new assets with low correlation to existing ones, and bitcoin fits this criterion. The addition of low-correlation assets can improve risk-adjusted returns in the long run."
"Therefore, I believe institutions are indeed taking cryptocurrencies seriously. Previously, they may have hesitated due to the so-called 'four-year cycle.' Regardless of whether the four-year cycle exists, the market has indeed experienced a significant downturn and is currently approaching the potential bottom area identified by many technical analysts."
"When approaching the bottom, the market usually experiences intense volatility. In hindsight, people often say: 'If only I had bought at that low point.' The V-shaped rebound has already been quite significant. Of course, this is not any form of commitment, but it seems that multiple factors are gradually aligning."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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