Cathie Wood says $1.5 million Bitcoin bull case is now more likely
Ark’s Invests Cathie Wood said the approval of Bitcoin Exchange-Traded Funds (ETF) in the U.S. convinced her even more that the world’s largest cryptocurrency ‘Bitcoin’ could hit her crazy bullish target of $1.5 million.
For her bull case, the ARK Invest boss sees Bitcoin hitting $1.5 million by 2030. Her base case is in the $600,000 range, she reportedly said.
‘We think the probability of the bull case has increased with this SEC approval. This is a green light.’ ‘It is the first global decentralized digital rules based … monetary system in history.
It is a very big idea.
Win! Win! then…?
Bitcoin 7-day chart from 6th January – 12th January 2024
