Ark Invest CEO Cathie Wood Puts Bitcoin Over $500K In Five Years, More Confident In Ethereum

HeadlinesNewsArk Invest CEO Cathie Wood Puts Bitcoin Over $500K In Five Years, More Confident In Ethereum

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Ark Invest CEO Cathie Wood Puts Bitcoin Over $500K In Five Years, More Confident In Ethereum

Bitcoinist.com14 days ago
Published on September 14, 2021 23:00 GMT+00:00edited on September 15, 2021 11:31 GMT+00:00

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Ark Invest CEO Cathie Wood has always been bullish on Bitcoin. The CEO has previously stated that she expected the price of the digital asset to 10X from 2021 prices. Putting it at least at $500K in the next five years. Wood has made the prediction earlier in the year. And has now reiterated this prediction two different times. Wood believes that the digital asset remains in a “capitulation phase,” making it a great time to buy the asset.

The CEO’s belief in bitcoin has been evident in her investment choices. Cathie Wood’s investment firm Ark Invest owns shares in Coinbase. The first crypto exchange to go public in the United States. Ark Invest was one of the first to invest in the crypto exchange. Wood’s firm also owns shares in Grayscale Bitcoin Trust, presently the biggest bitcoin …