Cathie Wood Stands Resolute and Bullish as Ever
Cathie Wood and ARK Invest see Bitcoin hitting $1Ml by 2030 – regardless of anything they know Bitcoin i destined to outperform anything and everything in its way
ARK Invest Maintains Prediction That Bitcoin Prices Will hit $1M by 2030
“Bitcoin, in the eyes of ARK, is still predicted to close the decade at $1 million because its fundamentals are sound – despite a turbulent 2022.
‘Contagion caused by centralized counterparties has elevated Bitcoin’s value propositions: decentralization, auditability, and transparency,” ARK writes. “Its network fundamentals have strengthened and its holder base has become more long-term focused.”
ARK backs up this claim by pointing to a higher hash rate, long-term holder supply, and addresses with a non-zero balance compared to the prior downturns.”
