Cathie Wood, CEO of asset management giant Ark Invest, suggested that Bitcoin’s (CRYPTO: BTC) price could hit a base target of $650,000 by 2030, with an optimistic scenario reaching as high as $1.5 million.
What Happened: Wood, a long-time Bitcoin proponent who first invested in the digital asset in 2015, attributes the surge in Bitcoin’s price to two primary factors: regulatory relief on the horizon and Bitcoin’s growing distinction from other assets.
In an interview with CNBC on Friday, Wood said she sees institutional interest in …
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