Cathie Wood: 'People Laughed At Me When I said Tesla Will 100x' Now Mark My Words 'This Will 100x'

Cathie Wood's perspectives on Bitcoin herald a transformative chapter in the narrative of digital versus traditional assets, particularly in its emerging superiority over gold as a store of value. Wood’s projections for Bitcoin's future have ignited both excitement and skepticism. Wood’s bold prediction of Bitcoin reaching $600,000 by 2030 in a base case scenario, and an eye-watering $1.5 million in a bullish scenario, far exceeds the imaginations of many investors.
Wood's upward revision of Bitcoin's future price from $1 million to $1.5 million following the approval of Bitcoin spot ETFs underscores the transformative impact of institutional involvement and market maturity on Bitcoin's valuation. The success of the ARKB ETF, launched by ARK and 21Shares, not only attests to the growing institutional appetite for Bitcoin but also reflects a broader shift in the cryptocurrency landscape. With net assets surpassing $2 billion in under two months and a staggering 60% return in the past month, ARKB exemplifies the burgeoning confidence among investors in Bitcoin's long-term value proposition.

Cathie Wood: "People Laughed At Me When I said Tesla Will 100x" Now Mark My Words 'This Will 100x'

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[Dempsey]

Morningstar Calls Cathie Wood The Worst 'Wealth Destroyer'. ARK ETF Trust, which runs the popular ARK Innovation ETF (ARKK), has wiped out $14.3 billion in investors' wealth over the past 10 years, says a new analysis from Morningstar.

[Cab]

Well, I’m in ark etfs so I should score largely. Right. After all these years of loss. I have held. The losses are so much.