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“The Uncertainty And Volatility Will Send Bitcoin to $1.5 Million" - Cathie Wood
Episode 1307
Published 2 years, 8 months ago
Description
In an interview with Bloomberg on Thursday, Ark Invest CEO and Crypto Bull Cathie Wood indicated that the “uncertainty and volatility” in the global economic landscape has actually increased her thesis of Bitcoin being an “antidote” to inflation and counterparty risks.
Wood has, in fact, reiterated her prediction that the OG digital asset (BTC) will still hit a lofty price target of $1 million+ by 2030. She now thinks Bitcoin could skyrocket to $1.48 million per coin by 2030. Given that Bitcoin has a fixed coin supply of 21 million BTC, a target price of $1.48 million implies a total market capitalization of $31 trillion.
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