'BlackRock Will Send Bitcoin To $2.3 Million Per Coin' Cathie Wood 2024 Crypto Prediction

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This year has gotten off to a red-hot start in the markets. What investors may have missed, however, is that Bitcoin is no longer correlated to stocks. At least that's what Ark Invest Chief Executive Officer Cathie Wood thinks. Recently, she set a price target of $2.3 million for Bitcoin, implying more than 3,600% upside from current trading levels.

Wood argues that the optimal portfolio allocation for Bitcoin should be about 19%. If the $250 trillion of investable capital worldwide was allotted to Wood's proposed Bitcoin exposure, the price would rise significantly.

Recently, she spoke about Bitcoin’s price surge following the approval of 11 spot Bitcoin ETFs. Although there was a bit of a sell-off after the news, more investors and asset allocators are recognizing Bitcoin as a new asset class with inherent scarcity value. Interestingly, major platforms like Morgan Stanley and UBS have yet to jump on the bandwagon, leaving the current surge driven mainly by independent advisors and retail investors.

While Wood remains optimistic, she suggests that a period of consolidation may be on the horizon, especially as platforms evaluate various ETFs. However, the increasing chances of a regional bank crisis could continue to fuel Bitcoin's upsurge.

However, make sure to stay until the end of the video where Cathie Wood reveals how Bitcoin halving will change the price dynamics in the market.

About Cathie Wood:

Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.

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"Ethereum To $166,000, Bitcoin To $1.5 Million - Here's WHY" Cathie Wood Crypto Prediction

"Everyone Is SO WRONG About The Bitcoin Halving..." Cathie Wood 2024 Crypto Prediction

[KimTaehyung-kkcb]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
^^^^

[liammateo]

*Congratulations on starting my crypto trading journey! I understand that you want to make a profitable investment, and that's a very understandable goal. Get yourself someone who understands the market very well and is also professional in placing trades. That's the key*

[Mahdrek]

If btc goes to 2.3 M what happens to the alt coins same skyrocket?

[berniebilicki]

love to hear interrupts with quick comments and grunts--very distracting and miss what Cathie is

[benhattersley]

250 trillion would make it 12, 500, 000 would it not?

[katrinazoey]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024

[AliceAnita-pyyu]

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34, 500 per week even though I barely trade myself.

[threenines]

But Cathy didn’t say anything about $2.3M.

[JohnTubiolo]

Thanks for continuing updates 👍 I'd rather trade the stock market as it's more profitable. I make an average of $34, 500 per week even though I barely trade myself.

[TP_]

There’s no point in leaving comments open when it’s all bots; it’s ridiculous.

[tokentrail-vyhu]

If Cathie Wood's prediction pans out, imagine the upside for innovative tech like Tectum's SoftNote and $TET! Instant BTC transfers could really benefit from that kind of growth!

[PaulHarrison_]

I really appreciate the dedication in each video you post. Long term investor's know that the market and economy will recover eventually, and investors should be positioned for such a rebound, I gained $180k from bitcoin of 2021. Before the market crash and now am buying again, adding more at a time. Having a good financial advisor like Victoria Wiezorek, it will add to your success in the crypto market

[GoodHuman]

BRET on Base 🔥🔥🔥🔥 is going to sky rocket. Buy to make a million 🔥🔥🔥

[josephLocascio]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.

[ChiemeriAbii]

I see $DETF on the moves. In the next 5-10 years from now, it might be one of the most valuable assets in the crypto world. this project might be something beyond what we have imagined

[CRISCHAIN]

Mientras el dinero fiat se siga imprimiendo el precio de bitcoin es infinit.

[dianemarra]

Dude why do you keep making noises to interrupt her? Let her talk

[berniebilicki]

that should be "interviewer"....

[ferro]

So much picture taking that was anoying

[TheRealTommyBear]

i highely doubt black rock will make bit coin go to 2.3 mil a coin people who own .01 of a coin would be to rich then lol