Summary
- Cathie Wood stated that the likelihood of Bitcoin reaching $1.5 million by 2030 is increasing.
- She argued that many institutional investors should now add Bitcoin to their portfolios.
- This is because Bitcoin's returns and risks are very different from other assets.
Cathie Wood, often referred to as the "Money Tree Sister," reiterated that Bitcoin (BTC) could reach $1.5 million by 2030.
On the 12th (local time), Cathie Wood, CEO of Ark Investment, stated on the official YouTube channel, "Bitcoin could reach $1.5 million by 2030," adding, "The likelihood of this prediction coming true is increasing."
She continued, "Many institutional investors now think they should add Bitcoin to their portfolios," explaining, "This is because Bitcoin's returns and risks are very different from other assets."
Previously, Cathie Wood had predicted in an interview with CNBC that Bitcoin could reach up to $1.5 million by 2030.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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