Cathie Wood has never before had so much belief in Bitcoin.This week, in Cathie’s latest interview, she was asked about her conviction in Bitcoin and if she had a price prediction for next year.
Cathie says she has never had more conviction than at this moment.
Although she didn’t have a price prediction for 2024, Cathie’s 5-7 year forecast was $650,000 - $1,300,000. 🚀
She also revealed she believes the entire crypto asset class was going to go from $1 trillion to $25 trillion, with Bitcoin making up over half of that. What will be the cause of such a meteoric rise? Cathie laid out 3 reasons:
1. Firstly A spot Bitcoin ETF bringing in institutions 2. Secondly, Regulatory clarity allowing for sophisticated investors to buy 3. And thirdly -Young people. - millennials and gen z as they accumulate more wealth are much more likely to invest in digital assets, as opposed to houses, bonds or stocks.
Make sure to stick around to the end of the video where Cathie speaks on why she is still as excited about Bitcoin as when she first bought it back in 2015.
About Cathie Wood:
Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.
