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Cathie Wood Rejects Bitcoin "Dead Cat Bounce" Theory, Says It "Still Has a Lot of Life Left"
ARK Invest CEO Cathie Wood refuted venture capitalist Jason Calacanis's claim that Bitcoin's recent rally is a "dead cat bounce." Calacanis argued that Bitcoin has lost its technological edge, likening it to CDs in the Spotify era and DVDs in the Netflix era. Wood responded on X, stating, "Bitcoin is not a dead cat, Jason! It has many lives left." Michael Saylor, Executive Chairman of Strategy, also joined the discussion, pointing to Bitcoin's $1.6 trillion valuation and emphasizing its role as "digital capital" as a killer application in itself. Earlier this week, Bitcoin significantly recovered to above $80,000 after briefly dipping below $76,000.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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