Cathie Wood Thinks Bitcoin Is Going to $1.48 Million. Is She Right?
With Bitcoin (CRYPTO: BTC) turning in its best January performance since 2013, it's no surprise that analysts are ratcheting up their price targets for this suddenly hot crypto. Bitcoin was up nearly 40% in January, and that has led to a completely revised outlook for just how high this crypto could fly in coming years.
Cathie Wood of Ark Invest -- known for her previously controversial $1 million price target for Bitcoin -- has just ratcheted up her Bitcoin price prediction. She now thinks Bitcoin could skyrocket to $1.48 million by 2030. But just how feasible is that prediction?
According to Wood, the case for Bitcoin at these stratospheric levels is really a story of enormous growth on a global scale. Over time, the story goes, Bitcoin will account for a larger and larger share of global assets held by institutions. It will continue to scale globally as more nations accept it as legal tender, and as more people use Bitcoin to carry out online transactions.
Source Fool.com
