Despite Bitcoin Price Drop, Cathie Wood Predicts Market Rebound

# Bitcoin Price Drops Below $80,000; ARK Invest CEO Remains Optimistic As Bitcoin (BTC) prices fall below $80,000 (approximately 116.72 million KRW), ARK Invest CEO Cathie Wood maintains a positive outlook despite the price correction. On the 11th, Cathie Wood expressed her strong belief on social media platform X (formerly Twitter) that the economic trajectory could lead to a deflationary boom. She stated, "The market has already discounted the final stages of consecutive recessions," adding, "This scenario provides the Trump administration and the Powell-led Federal Reserve with far more options to manage the economy than investors currently anticipate." This perspective comes amidst ongoing market fluctuations, reinforcing Wood's reputation for embracing long-term, fundamental economic assessments. As the crypto market reacts to various external pressures, her comments underscore a broader confidence in Bitcoin's resilience and future potential.