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 LinCathy Wood, founder of Ark Investment Management, reiterated in her latest interview in January 2024: She believes that the price of Bitcoin will one day reach $1 million.
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 LinWhile 2024 poses uncertainties, Visa and Thermo Fisher emerge as solid choices, each presenting a unique value proposition. As always, prudent investors should assess their risk tolerance and consider a diversified approach in navigating the evolving economic landscape.
SanyaShawn Henry, Chief Security Officer of CrowdStrike, forewarns of escalating cybersecurity threats, buoyed by artificial intelligence (AI), in the new year. Speaking on CBS Mornings, Henry emphasized the proliferation of AI as a formidable tool in the hands of adversaries, enabling sophisticated breaches into corporate networks and the dissemination of misinformation via advanced deepfakes in video, audio, and text.
Huang BoIn the months preceding FTX’s spectacular demise, reports revealed that the crypto exchange secretly diverted some $4 billion in company funds.
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