Cathy Wood, CEO of ARC Invest, believes that the positive scenario for Bitcoin (BTC) will continue.
Speaking on CNBC’s Squawk Box on November 15, Cathie Wood said that ARK Invest was $250 in 2015. Bitcoin“We’re at $90,000 and we still think we have a long way to go,” he said, recalling that he was the first publicly traded asset manager to invest.
“Bitcoin Seen as a New Asset Class”
Bitcoin is now not only a global financial system, but also considered a new asset class, Wood said. ARC Invest’s CEO reiterated his price forecast for the next five years, saying, “In our baseline scenario for 2030 Bitcoin “We see a price around $650,000, and in our bull scenario, between $1 million and $1.5 million,” he said.
On November 16, Wood stated that Bitcoin is in a strong position based on Onchain data. He also emphasized that after the Bitcoin halving event in April, supply growth fell to 0.9%, marking the first time gold fell below its long-term supply growth rate.
In a video published on
Cathy Wood, who sees BTC’s course as quite positive, gave hope to crypto investors. Most investors expect BTC’s dominance to wane and an altcoin rally to begin.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
