This Analyst Thinks Bitcoin’s 50% Crash Was A ‘Victory’

Nearly six months after the Oct. 10 flash crypto crash erased millions of dollars in a single day, Bitcoin remains under pressure, trading well below its recent peak. The asset reached an all-time high of $126,080 on Oct. 6, but has since fallen about 47% to roughly $67,000.

Despite the drawdown, Cathie Wood, a long-time BTC advocate and chief executive of ARK Investment Management, is urging investors to maintain a long-term perspective.

Wood, whose firm was among the first publicly listed asset managers to gain exposure to Bitcoin in 2015, has maintained an active presence in crypto-related equities. ARK Invest continues to trade shares of companies tied to the digital asset…

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