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A Bitcoin price prediction of $760,000 – more than 12 times the current price – would strike most people as delusional.
But this eye-popping target doesn’t come from a BTC fanboy on Twitter or Reddit…
It comes from Wall Street’s latest superstar: ARK Invest CEO Cathie Wood.
The current Bitcoin price of about $60,000 is the base. Wood sees institutional investors adding $500,000 to that and emerging market adoption adding $100,000 to $200,000 more.
So Wood’s five-year BTC price target is actually a range between $660,000 and $760,000, with $700,000 falling just below the middle of the range.
In other trending Bitcoin News today: Ethereum ‘huge Cup & Handle pattern’ reaffirms $6.5K ETH price target!
The bullish outlook appears as ETH’s price decline stalls near its old cup-and-handle resistance level, now acting as support and thus raising the potential of a strong rebound ahead.
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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:
Yes, Cathie Wood’s $700,000 Bitcoin Price Prediction Is Legit
https://cointelegraph.com/news/ethereum-huge-cup-handle-pattern-reaffirms-6-5k-eth-price-target
https://cointelegraph.com/news/60k-becomes-resistance-5-things-to-watch-in-bitcoin-this-week