Cathie Wood, CEO of Ark Invest, has doubled down on her prediction that the price of Bitcoin (BTC) will grow tenfold in the next five years and said the growth of decentralized finance (DeFi), nonfungible tokens (NFT) and the Ethereum 2.0 upgrade has massively increased Ark’s confidence in Ether’s (ETH) future. Wood’s prediction has Bitcoin’s value to have hit almost $500,000 by 2026. She said that Ark Invest’s future exposure to crypto was likely to be around 60% Bitcoin and 40% Ether. Wood made the comments Monday during a live stream at the SALT Conference in New York. Her BTC price thesis is based on more ... (full story)