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Ark Invest’s Chief Executive Officer (CEO) Cathie Wood defended her long-term bullish outlook on Bitcoin (BTC) on Monday, arguing the cryptocurrency would eventually trade above $1 million within five years, calling the cryptocurrency an “insurance policy” against currency debasement.
But this bullish rhetoric came during one of Bitcoin’s weakest institutional flow periods of 2026. Crypto investment products saw nearly $1.5 billion in weekly outflows, including a record $1.32 billion pulled from Bitcoin funds alone, as geopolitical tensions tied to Iran and broader macro uncertainty weighed on investor sentiment.
Speaking during a Fox Business interview, Wood, the Ark Invest Chief Investment Officer (CIO) and CEO, discussed her long-term Bitcoin price projections, saying Bitcoin could reach $1.25 million in the next five years. Wood said that while $1.25 million was the bullish case scenario, she expected Bitcoin to reach $750,000 under the bearish case.
She further said Bitcoin is an “insurance policy” against currency debasement and that institutional adoption continued to accelerate despite ongoing market volatility.
Wood pointed to three major catalysts supporting Bitcoin’s long-term growth, including expanding institutional participation, rising stablecoin usage, and improving regulatory clarity in the United States.
Wood also highlighted progress on the GENIUS Act and the CLARITY Act, two crypto-related bills advancing through the Senate, while arguing that stablecoins like Circle’s USD Coin (USDC) and Tether’s USDT strengthen global demand for the US dollar because they are largely backed by dollar-denominated assets and Treasury holdings.
Despite Wood’s ‘bullish’ outlook, institutional flows moved sharply in the opposite direction. According to CoinShares Head of Research James Butterfill, Bitcoin investment products recorded nearly $1.32 billion in weekly outflows, marking the largest Bitcoin withdrawal of the year, surpassing the previous peak of $1.09 billion recorded in January.
Crypto asset investment products lost roughly $1.47 billion in total during the week, making it the third-worst week of the year for the funds overall, according to the report. The US accounted for nearly all withdrawals at roughly $1.425 billion, while Switzerland, Canada, and Hong Kong also shifted into negative territory. Butterfill said cumulative outflows over the past two weeks now stood at $2.54 billion, and that the Iran-related risk-off has deepened despite continued CLARITY Act progress.
US Bitcoin exchange-traded funds (ETFs) also remained under pressure. According to SoSoValue data, the products recorded $105 million in daily net outflows on Friday, extending the recent streak of withdrawals.
Bitcoin’s price was down by 0.1% during the past 24 hours. On Stocktwits, the retail sentiment around BTC remained in the ‘bearish’ zone, while chatter around it stayed in the ‘high’ levels over the past day.
Read also: Ethereum Just Got Its Own ‘Clarity Act,’ Says ‘Ethereum Maxirealist’ William Mougayar
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