Ark Investment's Cathie Wood Says Bitcoin Will Go to $500,000
Wood made the prediction even as the leading cryptocurrency tumbled on Wednesday.
Ark Investment Management CEO Cathie Wood said in a Bloomberg TV interview that bitcoin will go to $500,000 despite the largest cryptocurrency plunging to a low of almost $30,000 on Wednesday.
- Wood said on Wednesday that bitcoin is "on sale" now and said that even after today's drop, the cryptocurrency is not necessarily at a bottom. She describes the market as "emotional" and says it is difficult to call the bottom.
- Bitcoin fell for a fifth-straight day, putting the largest cryptocurrency on track for its worst month in more than three years.
- During the interview, Wood briefly addressed Tesla CEO Elon Musk's environmental concerns on bitcoin mining, explaining that the adoption of solar energy in mining will accelerate dramatically.
- Wood said the prospects for a bitcoin exchange-traded fund approval in the U.S. this year have now increased because of the recent plunge in price. "The odds are going up now that we have had this correction," she said.
- At press time Wednesday, bitcoin was changing hands at around $40,753, a steep drop from the cryptocurrency's all-time high of $64,829.14 set in April.
- Earlier this month, Wood announced she had joined the board of Amun Holdings, the parent company of 21Shares, a Swiss-based firm that offers exchange-traded products that give investors an easy to way to gain exposure to crypto.
Read more: Ark Investment’s Cathie Wood Joins Board of 21Shares Parent
Consensus 2021: Cathie Wood will be speaking at Consensus by CoinDesk, our virtual experience May 24-27. Register here.
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Bilinmesi gerekenler:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Bitcoin dips, but quickly recovers as U.S. captures Venezuela's Maduro

The U.S. overnight launched a military strike against Venezuela, capturing President Nicolas Maduro and his wife and extracting them from the country.
Bilinmesi gerekenler:
- The U.S. captured Venezuelan President Nicolas Maduro and his wife after a brief military operation Saturday morning, according to President Trump.
- Crypto prices suffered a brief, modest drop on the first reports of the military action, but have since recovered.











