1 Top Cryptocurrency to Buy Before It Soars 1,328%, According to Cathie Wood of Ark Invest
With Bitcoin (CRYPTO: BTC) now trading above $70,000, the sky's apparently the limit for just how much higher the world's most popular cryptocurrency can go. The recent launch of the new spot Bitcoin ETFs has led to an outpouring of investor support for Bitcoin, and every day seems to bring the potential for a new all-time-high.
So it's perhaps no surprise that Cathie Wood of Ark Invest has doubled down on her $1 million price prediction for Bitcoin. She's now highly confident that Bitcoin will hit that level well before her earlier predicted date of 2030. If Bitcoin does reach $1 million, it would have increased in price by a staggering 1,328%. So what needs to go right for that to happen?
The key driving factor, says Cathie Wood, has been the recent introduction of the new spot Bitcoin ETFs. That immediately unlocked the potential for anyone -- from the smallest retail investor to the largest institutional investor -- to invest in Bitcoin via a trusted, regulated investment product.
Source Fool.com
