Cathie Wood: Bitcoin will hit $1 million by 2030
Wood said ARK Invest now believes its previous bull market target of $1 million in 2030 was too conservative.
JinseFinanceWood said ARK Invest now believes its previous bull market target of $1 million in 2030 was too conservative.
JinseFinanceCathie Wood's bullish outlook on Bitcoin and the Ark 21Shares Bitcoin ETF remains steadfast, projecting a $1.5 million price target and anticipating substantial institutional inflows. However, she challenges the SEC's cautionary stance on Bitcoin-related ETFs, characterizing it as old DNA dismissing the new in the realm of disruptive innovation.
BerniceCathie Wood's optimistic outlook on Bitcoin's future, post-ETF approval, contrasts market speculations. Her insights revolve around increased institutional participation, potential asset substitution, and Bitcoin's scarcity, projecting a bullish trajectory for the cryptocurrency.
Huang BoGavin Wood, Polkadot, and blockchain's game theory intersection for innovation
SanyaParity Technologies, responsible for developing Polkadot, has recently been reported to be facing financial difficulties, leading to a significant number of layoffs.
OliveArk Invest CEO Cathie Wood extended an open letter to the Fed on Monday, urging them to halt raising interest rates.
OthersCathie Wood’s investment firm ARK Investment Management is the third-largest shareholder of Coinbase, reportedly holding nearly $9 million as of late June.
CointelegraphThe U.S. SEC rejected the application for the ARK 21Shares Bitcoin ETF in early April and has not approved a spot Bitcoin ETF so far.
CointelegraphWood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users.
Cointelegraph