Cathie Wood is standing firm in her support for Bitcoin (CRYPTO: BTC) despite a 5% weekly decline, tweeting that the apex crypto is backed by the world’s largest computer network. What Happened: The Ark Invest CEO remains unfazed by sliding Bitcoin prices, sharing analysis by the Director of Digital Assets at ARK Investment Management Yassine Elmandjra: Elmandjra highlighted in his tweet that the Bitcoin hash rate peaked at an all-time high of 500 exahashes in January 2024. He added that in terms of raw operations per second, Bitcoin is around 500 times more performant than the world’s most po…

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