Ark Invest's CEO, Cathie Wood, has made a name for herself with her $1 million Bitcoin prediction.
Cathie Wood, who recently increased the $ 1 million 2030 BTC target to $ 1.5 million, made new statements.
In a recent interview with Barron's, Wood said that the rise experienced by Bitcoin after the bankruptcy of some banks in the USA is a big sign that BTC has a positive future.
Explaining the reasons for the continuation of the idea of the rise in Bitcoin and crypto, the famous CEO stated that the first reason is that investors see Bitcoin as a store of value.
At this point, Wood claimed that the selection of Bitcoin as the store of value started the monetary revolution.
“It rose from $19,000 to $30,000 following the bankruptcies of U.S. banks as investors see Bitcoin as a safe store of value for their wealth.
Other reasons for my rise in Bitcoin include the growth potential of decentralized finance (DeFi) and the continued development of NFTs and metavese.”
Cathie Wood also shared her views on the Coinbase stock (COIN), which she invested in besides Bitcoin.
Wood, who thinks that COIN will reach new heights despite the SEC's lawsuit against Coinbase, said, “Many of Coinbase's competitors either did not enter or left the US due to regulatory pressure in the US. Coinbase remained to fight. This That's why we think Coinbase will be rewarded with bullishness.” said.
*Not investment advice.