Reported 19 days ago
Ark Invest, led by Cathie Wood, is highly optimistic about Bitcoin, projecting it could reach $2.4 million by 2030, representing a potential 2,000% increase from its current value of around $115,000. This prediction is based on factors like Bitcoin's appeal as 'digital gold,' expected institutional investment growth, and its role in emerging markets. While Bitcoin has a massive market cap of $2.3 trillion, skepticism remains regarding the feasibility of such high valuation, emphasizing a cautious approach for investors.
Source: YAHOO