1 Popular Cryptocurrency to Buy Before It Surges by 920%, According to Cathie Wood's Ark Invest
Bitcoin is mounting a recovery, and Ark Investment Management's forecast suggests significantly more upside is ahead.
Overview
A single Bitcoin (CRYPTO: BTC) was trading for $59,100 at its recent low point on July 1, representing a 52% decline from last year's peak. It has since rallied to more than $78,000 as of Aug. 24, giving the investment community hope that a new bull cycle might be getting started.
Ark Investment Management, which was founded by seasoned technology investor Cathie Wood, is especially optimistic about Bitcoin's future. Ark believes the cryptocurrency can reach a market capitalization of $16 trillion by 2030, which would translate to a price of $797,000 per coin.
Details
That implies a potential upside of 920% from the current level, so should investors buy Bitcoin right now?
Source
Originally published at www.fool.com.
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