Cathie Wood, CEO of asset management giant Ark Invest, suggested that Bitcoin’s (CRYPTO: BTC) price could hit a base target of $650,000 by 2030, with an optimistic scenario reaching as high as $1.5 million.
What Happened: Wood, a long-time Bitcoin proponent who first invested in the digital asset in 2015, attributes the surge in Bitcoin’s price to two primary factors: regulatory relief on the horizon and Bitcoin’s growing distinction from other assets.
In an interview with CNBC on Friday, Wood said she sees institutional interest in …Full story available on Benzinga.com