Cathie Wood, CEO of ARK Investment Management, views Bitcoin’s recent stabilization above the $100,000 mark as a healthy consolidation phase. She emphasizes the fiduciary duty of money managers to understand this asset class, noting that institutional adoption is still in its early stages. The introduction of Bitcoin ETFs has further bolstered the market, with over $120 billion in assets under management. Wood anticipates that upcoming policy changes will foster more innovation around digital assets, potentially leading to significant future price increases for Bitcoin.