Ark Investment Management CEO Cathie Wood says institutional investors supports her bullish thesis of bitcoin $500,000 in the next five years.
Ark Investment Management CEO Cathie Wood says institutional investors support her bullish thesis of bitcoin reaching $500,000 in the next five years.
Speaking Wednesday afternoon during an interview on Barron’s, MarketWatch’s sister publication, Wood said that if “institutional investors move into bitcoin and allocate 5% of their portfolios,” the value of a bitcoin would rise to around $560,000 by 2026, based on current levels, according to ARK’s estimates.
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