While the important names of the crypto money industry were evaluating the effects of the Binance and Coinbase lawsuits opened by the SEC, the last comment came from the CEO of Bitcoin investor Ark Invest, Cathie Wood.
Speaking to Bloomberg TV yesterday, Cathie Wood said that Binance's legal problems in the US will eliminate Coinbase's main competitor, so it will benefit Coinbase.
The famous CEO, who participated in CNBC's Squawk Box program today, stated that he stands behind his statements yesterday and stated that Coinbase will get rid of the competition.
Wood also stated that he is behind the prediction that Bitcoin will be $ 1 million, and argued that the base price of BTC will be $ 600,000 in 2030.
“Despite regulatory pressure and lawsuits in the US, I remain optimistic about Bitcoin price.
I see Bitcoin as an excellent hedge against inflation and counterparty risk, and I think it has unique characteristics.
I describe the creation of Bitcoin as a very big idea, and I describe BTC as the first global, private, non-government, digital, rules-based monetary system.
In this context, we remain bullish, believing that the base price of Bitcoin will be $ 600,000, and we think it will be above $ 1 million by 2030."
"Our base case #Bitcoin price is $600K+ and our bull case is more than $1M by 2030," says @CathieDWood on #crypto. "We believe that all of our funds, which have been hurt badly by interest rates going up, are going to benefit by the deflationary ramifications." pic.twitter.com/M4t9AmYZSM
— Squawk Box (@SquawkCNBC) June 9, 2023
*Not investment advice.
