CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Defiant 2024-12-26 19:31:19

Cathie Wood Predicts Bitcoin to Reach $1 Million to $1.5 Million by 2030, Citing Institutional Demand and Trump's Election Impact

Cathie Wood, CEO of Ark Invest, has reiterated her bullish outlook on Bitcoin, predicting that it could reach between $1 million and $1.5 million by 2030. This prediction is driven by increased institutional demand, which Wood says is making Bitcoin 'even more scarce than gold.' She highlighted the difference between Bitcoin and gold, noting that while gold production increases with price, Bitcoin's supply is mathematically metered to increase over time. Additionally, Wood suggested that Donald Trump's election could lead to a surge in private company acquisitions, potentially boosting the tech sector and indirectly supporting Bitcoin's value. She mentioned that Trump's FTC shake-up could unleash a wave of mergers and acquisitions, likening it to tech's version of Black Friday. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.