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ARK Invest CEO Cathie Wood says that institutional investors and emerging markets can send the Bitcoin price surging to $760,000.
“That use case alone will add, I believe, the number is $200,000, if it were adopted fully throughout the emerging markets [excluding] China. That would account for $100,000 to $200,000.
If institutions were to allocate 5% of their portfolios globally [excluding] China, that use case alone would be $500,000 in addition to the $60,000 dollars in Bitcoin’s price.”
In other trending Bitcoin News today: Crypto Analyst Says Bitcoin and Altcoins Gearing Up for Massive Moves This Month!
One particular metric indicates altcoins could be primed for “massive moves,” according to pseudonymous crypto analyst TechDev.
“Total altcoin market cap also looks to be in a 2-week RSI channel its entire history. Seems to be following the pattern of 2 taps on top line, followed by a 3rd marking the altcoin market peak. Massive alt moves 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.
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