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.
JinseFinanceThe ARK Invest CEO expects this trend to continue as investors can trade Bitcoin in a more convenient way through spot Bitcoin ETFs.
JinseFinanceCathie Wood supports Elon Musk's visionary leadership at Tesla, discusses Bitcoin ETFs, and maintains strong optimism about Bitcoin's transformative future.
Xu LinGolden Finance launches the 2211th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
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 BoARK Invest, managed by Cathie Wood, attracted attention for selling $25 million in Coinbase (COIN) shares on January 3, amid a 3% stock decline to $152.24. This divestment trend has continued since December 2023, totaling over $125 million in COIN shares, signifying a significant shift in the company's investment strategy.
Xu LinCoinbase, the second largest crypto exchange, has recently launched a testnet for their newest product "Base," an Ethereum layer 2 (L2) network.
BitcoinistAs a bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff.
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