That might seem like it's too good to be true, and it probably is.
Ark Invest's Cathie Wood has made a name for herself as a bit of a financial maverick. She seems to like going against the grain and is unafraid of making bets — and sticking to them — that others might shy away from. For example, even with all of its recent woes, Wood is unapologetic in her backing of Tesla. Beyond these bold bets, however, are her often-bolder public predictions.
Chief among these is her belief that Bitcoin will continue to rise in price to levels that most crypto investors can only dream of. Wood is a huge proponent of Bitcoin and crypto more generally and was one of the more influential figures in getting spot Bitcoin exchange-traded funds (ETFs) approved by the Securities and Exchange Commission. During that process, she stated that her company believed Bitcoin could be worth as much as $1.5 million by the end of the decade (her base case target was $600,000, still not a bad return).
However, more recently, she has said she believes the upper target could be as high as $3.8 million by 2030. That's a roughly 6,200% return from today's price and represents a more than 100% annual return.
Click here for the full article...
No comments:
Post a Comment