Editor's PiCK
Cathie Wood: "Bitcoin is More Scarce than Gold... Will Reach $1 Million in 5 Years"
YM Lee
Summary
- Cathie Wood emphasized that Bitcoin will become more scarce than gold.
- She mentioned that Bitcoin is expected to see continuous demand growth due to its limited supply.
- Accordingly, she projected that Bitcoin will reach $1 million by 2030.
Cathie Wood, the founder of the global financial investment firm Ark Invest, once again emphasized the explosive potential of Bitcoin (BTC) in the near future.
According to Bloomberg on the 20th (local time), Cathie Wood stated, "Bitcoin is becoming more scarce than gold. When the price of gold rises, production increases and the supply growth rate rises, but Bitcoin cannot do that."
She continued, "Recently, Bitcoin recorded an all-time high of $108,000 through a rally. With limited supply and increasing demand since Trump's inauguration, growth acceleration is underway, and it is expected to reach $1 million by 2030."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
