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Finance
Cathie Wood of Ark Invest Thinks Bitcoin Has Finally Bottomed Out. If History Is Any Guide, This Is What Happens Next.
Wood's predictions for the coin's price are known for being ambitious.
Ark Invest CEO Cathie Wood, whose 2030 base case for Bitcoin(CRYPTO: BTC) is $730,000, said on July 3 on Ark Invest's podcast that the coin has entered a "bottoming process" and that it will "resume the very volatile but broad uptrend."
So what does history say about whether Wood is likely to be right?
Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]
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.
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