CandleFocus 600% Bitcoin Explosion Incoming in Base-Case Scenario, According to ARK Invest CEO Cathie Wood – Here’s Why
2024-11-16
Author: Content Editor
ARK Invest founder, Cathie Wood, predicts that Bitcoin (BTC) will reach over $500,000 by 2030, marking a 600% increase from its current price. Wood attributes this bullish outlook to regulatory relief, increasing adoption by traditional finance, and a declining inflation rate. She believes that Bitcoin is now being viewed as a new asset class and institutions are recognizing its unique behavior and potential. At the time of writing, Bitcoin is trading at $91,287, up 3.7% in the last 24 hours.
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