Ark Invest CEO Cathie Wood has reiterated her bullish stance on Bitcoin. The investment mogul, who recently disclosed she allocated 25% of her wealth into Bitcoin, has now predicted the cryptocurrency is on a highway to new highs.
Particularly, Wood called Bitcoin a “financial super highway,” amidst discussions of its importance in emerging markets. As a result, she reiterated that the price of Bitcoin could end up as high as $3.8 million.
Cathie Wood Reiterates Bullish Stance On Bitcoin
Wood made her very bullish prediction at a Friday Bitcoin Investor Day conference in New York. Interestingly, this recent prediction surpasses another one made in January where she predicted that the digital asset could potentially hit $1.5 million by 2030. This means Bitcoin could increase by another $2.3 million after reaching her existing target.
Wood credits this price growth to a major shift in the global market dynamics as Bitcoin continues to receive adoption, especially in
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