Cathie Wood rebuts a podcaster’s ‘dead cat’ label for Bitcoin, calls it alive, and highlights AI‑driven security research while noting ARK’s recent $40 million Bitcoin ETF sale.
Jason Calacanis, host of the "This Week in Startups" podcast, posted a one‑year Bitcoin price chart on Sep 18 showing a 30% decline and described Bitcoin as a "dead cat" that keeps bouncing, adding that the cryptocurrency is not used for transactions and is "intimidating" for most people.
ARK Invest CEO Cathie Wood responded, saying "Bitcoin is not a dead cat, Jason! It has many lives ahead." She pointed readers to the Sep 17 episode of ARK’s "Bitcoin Brainstorm" podcast, which featured ARK digital‑assets research director Lorenzo Valente and other guests discussing how rapidly advancing AI models are changing Bitcoin security, noting that both attackers and defenders can leverage AI.
Wood said ARK’s research has allayed fears about quantum‑computing threats to Bitcoin and argued that even in a deflationary environment Bitcoin remains attractive because it carries no counter‑party risk, positioning it as a hedge against both inflation and deflation.
The article notes that ARK sold roughly $40 million of its own ARK 21Shares Bitcoin ETF on Sep 14, a day before the U.S. Senate’s CLARITY cloture vote, and that Bitcoin was trading near $81,773, about 35% below its all‑time high. No further information on market impact or broader implications was provided.