Cathie Wood, CEO and founder of ARK Invest, has maintained a Bitcoin price prediction.
Cathie Wood confirmed that ARK Invest is still sticking to its prediction of Bitcoin trading at $1 million. Wood expects the Bitcoin price to hit $1 million within the next decade. If this happens, the price of Bitcoin will surge 4,300% from its current price.
The ARK Invest CEO also spoke about the adoption of Bitcoin by institutional investors. Wood claims that this group of investors has become more interested in adding bitcoin to their portfolios due to the relatively low price of bitcoin at the moment.
Wood further claimed that institutions have become more interested in Bitcoin following Cambridge Associates’ 2018 report.
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