bullish

Bitcoin

when

ARK Invest CEO Cathie Wood has made a bold prediction for Bitcoin (BTC), predicting that the price could reach $1.5 million per coin by 2030.
In a recent interview, Wood outlined his predictions by citing increased institutional interest and regulatory developments as key factors driving Bitcoin’s potential rally.
Wood explained that ARK Invest has set a base case target of $650,000 for Bitcoin by 2030, while a more optimistic bullish scenario sees prices between $1 million and $1.5 million.
ARK Invest has been a Bitcoin supporter since 2015, when the firm first gained exposure to BTC at a price of $250 per coin. Despite Bitcoin’s recent climb to nearly $90,000, Wood believes the asset has significant room to grow.
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Wood pointed to several factors supporting the bullish outlook:
Wood highlighted ongoing regulatory developments that he believes will benefit Bitcoin and broader innovation sectors, including healthcare. “We’re getting some regulatory relief here, and I think that’s one of the most important things that’s come out of this administration,” he said.
According to Wood, institutions and asset allocators have begun to view Bitcoin as a unique asset class, distinct from traditional options like stocks and bonds. “This asset behaves differently than all our other assets,” Wood said. “We need to include it as well.”
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ark-invest-ceo-cathie-wood-shares-new-predictions-for-bitcoin-price-after-record-highs/" rel="noopener noreferrer nofollow">ARK Invest CEO Cathie Wood Shares New Predictions for Bitcoin Price After Record Highs</a>

ARK Invest CEO Cathie Wood Shares New Predictions for Bitcoin Price After Record Highs

Bitcoin Sistemi EN

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