cryptonews: Ark Invest's Cathie Wood predicted that Bitcoin's strength during the recent banking crisis will bring back institutional investors who have been pushed away by regulators focusing attention on the bitcoins on their balance sheets. 🔈
Ark Invest's Cathie Wood predicted that Bitcoin's strength during the recent banking crisis will bring back institutional investors who have been pushed away by regulators focusing attention on the bitcoins on their balance sheets.
Speaking to Bloomberg on March 21, Wood noted that "one of the things that happens in a crisis is liquidity dries out so that that tends to hurt assets." But, she added: In a recent report, Ark recommended that institutional investors interested in digital assets should target 2.5% to 6.5% to Bitcoin, she said."These are the sorts of allocations they would have made to emerging new categories of assets. Like real estate in the '70s emerging markets, in small caps in the '80s and '90s.", the base case Bitcoin price prediction was $682,000 by 2030, while the bear case was more than $250,000 and the bull case nearly $1.5 million.
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