Cathie Wood Sees Bitcoin Heading For $650K As RFK Says Most Of His Wealth Is In BTC
Ark Invest CEO Cathie Wood predicted Bitcoin will reach $650K by 2030 as Robert F. Kennedy Jr. (RFK) says he has put most of his wealth in BTC. Wood told CNBC’s Squawk Box that Ark’s 2030 price target for Bitcoin is $650,000 in the base case, and between $1 million and $1.5 million in the bull case. Cathie Wood Says Bitcoin Still Has A “Long Way To Go” During the interview, Wood said that Ark Invest was the first public asset manager to gain exposure to the largest crypto by market cap after it purchased BTC in 2015 at $250 per coin. Bitcoin has since risen exponentially with the king of cryptos trading at $91,953 as of 3:20 a.m. EST after a 13% surge in the past week. Despite the parabolic gain in Bitcoin’s value since 2015, the Ark Invest CEO still believes that BTC’s price has a “long way to go.” Much of this predicted momentum, according to Wood, will be ignited by “regulatory relief” in the US after the new Trump a...