Cathie Wood Says ‘Bitcoin Is Not A Dead Cat’, Days After ARK Sold Its Own Bitcoin ETF

• Cathie Wood told investor Jason Calacanis that Bitcoin is 'not a dead cat' and 'has many lives ahead.

• ARK sold more than 1.5 million shares of its Bitcoin ETF on Monday.

• Wood said private equity businesses use short-term loans, and short rates would rise quicker than long rates, and exposed banks "could be in question."

Bitcoin (BTC) is "not a dead cat," Cathie Wood responded to investor Jason Calacanis on X Friday. "It has many lives ahead," she remarked.

Calacanis wrote on X that "the dead cat continues to bounce," calling Bitcoin a "boring store of value" that he said was "no longer capturing the public's imagination." He compared Bitcoin to "CDs in the age of Spotify." Along with it, Calacanis shared a chart showing Bitcoin has been down 30.75% over the past year.

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Calacanis also heard from Strategy's (MSTR) Michael Saylor on Friday. Saylor said Bitcoin is now "a $1.6 trillion success. He wrote that "preserving wealth across generations is a bigger ambition than entertaining a dinner party."

Bitcoin's price was trading at $81,312, up over 1% in the last 24 hours. On Stocktwits, retail sentiment around BTC remained in the 'bearish' zone, while chatter stayed at 'normal' over the past day.