Cathie Wood: We’re nearing the end of the down cycle ARK Invest CEO shared in her latest CNBC interview, 'I know there’s a lot of fear around the four-year cycle in the market, but by Bitcoin’s historical standards, this rally hasn’t been all that significant.' So, we believe we’re nearing the end of the down cycle. Bitcoin might test the $80K to $90K range, but we think this test will be successful. This will be the mildest four-year cycle correction in Bitcoin’s short history, and the market will kick off again afterward. We believe Bitcoin is actually three revolutions in one: it’s a rules-based global monetary system that’s undoubtedly competing with fiat systems; at the same time, it’s a technological revolution and is becoming the leader of a brand-new asset class.