Ark Invest founder, CEO and CIO Cathie Wood is still bullish on the Bitcoin price prediction amid constant collapse. By Ashish Kumar 3 hours ago https://coingape.com/bitcoin-price-...-1-million-by-this-date-predicts-cathie-wood/ The global crypto market is trading under increased selling pressure due to the recent collapse of FTX. Bitcoin, the world’s largest crypto price is down by a heavy 65% on year to date (YTD) basis. However, Cathie Wood, Ark Invest founder is still bullish on the Bitcoin price prediction amid constant collapse. Bitcoin price to hit $1 mln? In an interview with Bloomberg Markets, Cathie Wood cleared her perspective on Bitcoin price prediction. Wood asserted that She is going to hold her Bitcoin forecast of hitting $1 million per coin by 2030. Cathie Wood mentioned that sometimes the market needs to go through the battle test and crisis to see what is real. However, it is important to see the survivor in the aftermath. It is important to check market infrastructure. She highlighted that Bitcoin has managed to rise out of these struggles. Meanwhile, Wood believes that one thing that can delay this is the institutional investors stepping back. They really need to think that they do really understand this. Once these institutional investors take their time off and do their homework and analysis what happened here, they will be more comfortable. Then they can look into Bitcoin and Ethereum as the first stop. Crypto market will recover? Cathie Wood further highlighted that she still trusts the crypto market despite the FTX collapse. However, she called FTX a fraud but not like the Lehman brothers or Bernie Madoff. She expects that crypto will continue to move forward. Bitcoin price is up by more than 5% in the last 24 hours. BTC is trading at an average price of $16,525, at the press time. Its 24 hour trading volume now stands at $33.1 billion. Coingape reported that Core Scientific Inc., the largest publicly traded Bitcoin mining business in the U.S. has reported a $1.7 billion loss. Low Bitcoin prices have caused mining revenue to drop to an all-time low.
Cathie "one hit wonder, religious fanatic" Wood, talking her book. The problem with believers like her, that even if BTC made a new ATH they would just hold it through until it inevitably collapses again. I like her Tesla at 4K prediction much better. Why anyone listens to her is a mystery...
$1 million x 19 million bitcoins in circulation = $19 trillion. Total world currency $40 trillion. So bitcoin value would be equal to 1/2 the currency in the world. I doubt it.
She needs to put at least 50% of her net worth in the crap that she pushes. It's real easy to be bullish when it's other people's money.
Jack Welch used to say "That guy could see around corners". And that was a reference to the work of some visionary. Take your pick: JD Rockefeller, Henry Ford, Edison, Steve Jobs, Larry Ellison, Steve Balmer, etc. There might be a woman in there someplace. But have to look hard for that. We are in a time where is is fashionable to say the sexes are equal. But not really. Only if you really want to, or have to believe. And for somebody like Cathy Wood, this kind of characterization does more harm than good.