She’s the CEO of Ark Invest as well as a mom, economist, and women’s advocate. An American investor, Cathie Wood is the founder of the investment management firm with current assets of over $60 billion. With a net worth of $250 million herself, her track record is quite impressive. Recently weighing in on the future of Bitcoin, she made some very promising predictions.
The ARK’s Big Ideas Summit went live on January 25, 2022. There were some lively discussions with special guests like Raoul Pal, Peter Diamandis, and Professor David Liu. But confirming what was in the Big Ideas Report was what Bitcoin enthusiasts wanted to hear.
“Bitcoin’s market capitalization still represents a fraction of global assets and is likely to scale as nation-states adopt legal tender. According to our estimates, the price of one bitcoin could exceed $1 million by 2030,” Ark Invest analyst Yassine Elmandjra wrote.
Does Cathie Wood Really Think That?
Obviously, Cathie Wood has to advocate the reports that her own company publishes. She even addressed these predictions in ARK’s Big Ideas Summit. If you recall, last year, she predicted that Bitcoin would hit $500,000 by 2026. So she certainly has a lot of confidence in crypto, but she’s not the only one.
Chris Kuiper and Jack Neureuter of Fidelity published “RESEARCH ROUND-UP: 2021 TRENDS AND THEIR POTENTIAL FUTURE IMPACT” earlier this year. Their report says, “The countries that secure some Bitcoin today will be better off competitively than their peers.” The report further explains that they “wouldn’t be surprised to see other sovereign nation-states acquire Bitcoin in 2022 and perhaps even see a central bank make an acquisition.”
Of course, we’ve already watched El Salvador go all-in on Bitcoin. Now, market analysts are calling for more countries to follow suit. If that happens, it will almost certainly send Bitcoin’s value skyrocketing. That’s when Cathie Wood will be able to sit back and smile, along with anyone who paid attention while she was making these predictions.
Make sure you have Bitcoin when it skyrockets, as the experts expect. Go bank, Yourself!