11.02.202613:48 Forex Analysis & Reviews: Bitcoin no longer viewed as speculative asset

As Bitcoin drifts actively toward the $66,000 area after recently testing $70,000, ARK Invest CEO Cathie Wood said in an interview that Bitcoin — once seen as an exotic toy for tech enthusiasts and speculators — is rapidly reconfiguring its role in finance. What began as a decentralized experiment is now being woven into the fabric of the global financial architecture, becoming an important element of diversified investment strategies.

In the interview, Wood acknowledged a new reality: while gold continues to perform its traditional safe-haven role in turbulent times, Bitcoin is positioning itself as gold's more dynamic, technologically advanced digital counterpart.

Bitcoin's advantage lies not only in its upside potential but also in its programmability. "In an era when artificial intelligence is being integrated into financial markets to manage autonomous trading strategies, blockchains such as BTC, ETH, and SOL are winning the status of fundamental financial infrastructure. That means they are not just stores of value but the basis for future financial innovations, opening the door to new, more efficient and more transparent financial instruments," Wood said.

Wood's observations about the link between gold and Bitcoin deepen this narrative. There are historical correlations when gold rallies preceded BTC rallies. It points to looming capital reallocation. The current cooling of the crypto market, Wood argues, reflects global macro shifts. Slowing economic growth in China and easing inflation expectations could weaken gold's appeal and create favorable conditions for capital to flow into Bitcoin, which offers higher returns and technological advantages.

Institutional investors, the pioneers of incorporating Bitcoin into portfolios, increasingly adopt an "and-and" approach. Rather than choosing between traditional gold and digital Bitcoin, they recognize the value of both. Gold provides stability and an inflation hedge, while Bitcoin offers growth potential and participation in the decentralized finance and advanced technology revolution. This signals market maturity and a break with the old paradigm that forced investors to choose between two very different but complementary asset classes.

Therefore, we are witnessing a transition of BTC from a speculative asset to a fundamental one. Bitcoin is no longer a bet of chance; it is becoming a deliberate choice for building resilient, innovative portfolios. Given current prices and a substantial market correction, the asset's attractiveness should continue to grow.

Trading recommendations

Bitcoin

Buyers are currently targeting a return to $68,900, which would open a direct path to $72,100 and then to $74,600. The farther target is around $77,300; a break above that would signal attempts to restore the bull market. In case of a decline, buyers are expected at $64,300. A move below that area could quickly push BTC toward $60,100. The far downside target is $56,300.

Ethereum

A clear hold above $1,972 opens a direct path to $2,060. The farther target is around $2,169; surpassing that would indicate strengthening bullish sentiment and renewed buyer interest. In case of a decline, buyers are expected at $1,874. A move back below that area could quickly push ETH toward $1,783. The far downside target is $1,685.

What's on the chart

• The red lines represent support and resistance levels, where price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.