Cathie Wood's Ark Makes 3 Bold Bitcoin Predictions

From thestreet.com

Famed investor Cathie Wood, chief executive of Ark Investment Management, has been a bitcoin evangelist for quite some time, and she’s not pulling back now. Ark sees huge gains for the world’s biggest digital currency by the end of the decade. Ark analysts cited several bullish factors in a research report. Bitcoin plunged 77% from its November 2021 peak of $69,000 to its November trough of $15,797. But, “despite severe drawdowns, bitcoin has outperformed every major asset class over longer time horizons,” Ark analysts said. For the five years through 2022, bitcoin posted a compound annualized return of 8.7%, ... (full story)