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Institutions Are More Interested in Bitcoin

By Simon LawsonNovember 6, 20221 Min Read
Institutions Are More Interested in Bitcoin
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Cathie Wood, CEO and founder of ARK Invest, has maintained a BTC -0.17%-news/">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.

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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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DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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Simon Lawson
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Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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