Reported about 1 month ago
Cathie Wood, a prominent investor, believes Bitcoin still has significant growth potential, forecasting it could soar over 5,300% in the long term. With a market cap of $1.4 trillion, Bitcoin is the leading cryptocurrency, benefiting from its history and widespread ownership among investors. Wood suggests that even a moderate increase in institutional investment could double her long-term price target to $3.8 million. She advocates for dollar-cost averaging as the best investment strategy for Bitcoin, encouraging investors to focus on long-term potential rather than short-term price targets.
Source: YAHOO