Cathie Wood Predicts “Deflationary Boom” As Bitcoin Price Falls Below $80,000

Quick Summary:

The price of Bitcoin (BTC) has dropped below $80,000, which has triggered concerns among investors about the future of the crypto market.

She postulated that the U.S.economy is nearing the end of a rolling recession, and Wood believes this process will trigger a major expansion.

Several factors point to a potential market rebound, as experts see the market as oversold.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: India

Topics: Ark Invest Cathie Wood 24/7 Cryptocurrency News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 22:16:30 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26865862

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