The director of Ark Investments believes that Bitcoin could exceed $3.8 million in six years, which has generated intense debate and led many investors to reconsider their investment strategies.
Cathie Wood He is one of the most listened to voices in the world of finance and his forecasts are paid attention to by investors. That is why when giving their estimate of what could happen to the price of Bitcoin, the cryptocurrency with the highest market volume, many did not cease to be surprised.
The content you want to access is exclusive to subscribers.
to subscribe I am already subscribed
The director of Ark Investments believes that Bitcoin could exceed $3.8 million in six years, which has generated intense debate and led many investors to reconsider their investment strategies.
“Our stance is bullish towards Bitcoin. With this institutional green light that the SEC [Comisión de Bolsa y Valores de EE. UU.] has provided, albeit reluctantly, the analysis we have performed suggests that if institutional investors allocate a little more than 5% of their portfolios to Bitcoin, as we believe will happen over time, that alone would add $2.3 million to the projection I just gave you,” Wood argued.
For the financial guru, the price of Bitcoin would begin to climb strongly as appetite for the cryptocurrency grows among large investment portfolios. Especially since the Bitcoin supply limit is getting closer.
There are other signs in the market encouraging Bitcoin bulls. For example, financial products linked to BTC are growing more and more, which reinforces confidence in crypto.
Of course, Bitcoin has already shown that if something has its price, it is volatility and anything can happen, and it is an asset not regulated by any entity other than the market itself. No one will come to the rescue if the experience collapses.
