Reported 4 months ago
ARK Invest, led by Cathie Wood, recently launched a spot Bitcoin ETF (ARKB) in partnership with 21Shares, attracting over $3.2 billion in AUM. Wood predicted that if institutional investors allocate 5% of their portfolios to Bitcoin, the price could reach $3.8 million by 2030, with a $100 investment today potentially being worth $5,510. While this prediction is bullish, it relies on significant institutional adoption and the next Bitcoin halving expected in 2028.
Source: YAHOO