[Cathie Wood Says Bitcoin Has Entered a Mature Phase, Deep Crashes May Be History] Ark Invest founder Cathie Wood stated in an interview that Bitcoin has entered a mature phase, and the historical deep crashes of 85%-95% may be a thing of the past. She believes that even if future pullbacks reach 50%, it would be considered a 'significant improvement,' noting that Bitcoin has evolved from an emerging technology into a 'mature monetary system and asset class.' In previous cycles, Bitcoin once fell nearly 80% from its 2021 peak of around $69,000, hitting a low of $15,600. According to Glassnode data, the maximum drawdown in this bear market was approximately 52%.