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Cathie Wood, CEO of Ark Invest isn’t afraid to make bold Bitcoin predictions. Last month, she told CNBC that the BTC price could soar to half a million dollars in five years.
“If we’re right and companies continue to diversify their cash into something like Bitcoin, and institutional investors start allocating 5% of their funds in Bitcoin […] we believe the price will be ten-fold what it is today. Instead of $45,000, over $500,000.”
In other trending Bitcoin News today: BTC Price ‘Ready to Rally’ with Bitcoin Bulls Clear to Charge at $85K!
Closer to the present, Bitcoin’s three-day chart, which Decentrader holds to be an especially accurate price tool, is now bullish, contradicting the current bearish daily and neutral weekly setup.
This is one ingredient feeding into a probable channel for price action which could see Bitcoin hit $150,000 by the start of 2022.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://finance.yahoo.com/news/cathie-woods-500k-bitcoin-call-120000814.html
https://cointelegraph.com/news/satoshi-nakamoto-s-bitcoin-white-paper-is-now-a-13-year-old-teenager