Cathie Wood Reiterates $500K Bitcoin Call

I’d disagree with Wood on her $500,000 Bitcoin prediction, it will be much, much higher than that! Aside from that minor quibble, any positivity is smiled upon.

https://www.newsbtc.com/analysis/btc/cathie-wood-500k-bitcoin-ethereum/

Ark Invest CEO Cathie Wood is an important figure in the crypto space, recently even joining Jack Dorsey and Elon Musk in the B-Word debate. As the chief investment officer of her firm, any calls she makes are especially notable.

In the past, she’s speculated that Bitcoin would reach $500,000. And at the recent SALT Conference, Wood reiterated the call to CNBC anchor Andrew Ross Sorkin.

The prediction depends on institutions allocating just 5% of their total portfolios to Bitcoin. Should that occur, Wood believes “that the price will be tenfold of where it is today,” she said. “So instead of $45,000, over $500,000.”

Wood said if she could choose only one cryptocurrency, it would default to Bitcoin, but then praised Ethereum for its recent growth.

Add Comment