Recently, Cathie Wood, founder of ARK Investment Management, has once again drawn market attention by saying she will continue to increase her Bitcoin (BTC) holdings and buy the dip when prices fall. This move has sparked widespread discussion about Bitcoin’s future price direction. First, from a data perspective, inflows into Bitcoin ETFs continue to rise, indicating growing confidence in Bitcoin among institutional investors. According to CoinShares data, as of 2023, global inflows into Bitcoin ETFs had already exceeded the total for all of 2022. In addition, on-chain Bitcoin transaction volumes are also continuing to grow, indicating a high level of market activity. However, we should also be mindful of some potential concerns. First, US CPI figures continue to climb, which could increase the likelihood of Federal Reserve rate hikes and put pressure on risk assets. Second, rising US interest rates could negatively affect cryptocurrencies such as Bitcoin, as they are generally considered high-risk assets. Despite this, Cathie Wood’s decision to increase her holdings appears to be based on her firm belief in Bitcoin’s long-term value. She believes that, as a decentralized digital currency, Bitcoin has unique store-of-value properties and can

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