1 Popular Cryptocurrency Cathie Wood of Ark Invest Sees Soaring in Value by 1,490%
Wood has some very high hopes for Bitcoin.
Overview
Cathie Wood, founder and CEO of Ark Invest, has been an outspoken proponent of Bitcoin (CRYPTO: BTC) for many years. Investors who follow Wood can gain exposure to Bitcoin through her company's ARK 21Shares Bitcoin ETF (NYSEMKT: ARKB), and her latest estimates of where the cryptocurrency will be in just five years are bullish, to say the least.
Wood said earlier this year that the base case for Bitcoin's price is $750,000 and its bull case could see it rising to $1.25 million.
Details
With one Bitcoin worth about $78,442 as of this writing, Wood's bull case would see Bitcoin rising a staggering 1,490% over the next five years.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.