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Cathie Wood says bitcoin could go as high as $3.8 million

From markets.businessinsider.com

Cathie Wood says the price of bitcoin could head to $3.8 million given the latest developments for the world's largest cryptocurrency. Speaking at the Bitcoin Investor Day conference on Friday in New York, she told moderator Anthony Pompliano that a flood of institutional adoption and new ETF products means that her bull case could see the token climb by more than $2 million above her existing target. Wood's Ark Invest shared a bitcoin outlook in January that estimated the token could hit $1.5 million by 2030. Bitcoin has climbed 44% year-to-date. On Friday, it hovered at around $63,768. "Last year we put out our ... (full story)

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  • Category: Fundamental Analysis