Forget Cathie Wood’s $500K Bitcoin call — the new price target is $560K
- Date: 29-Nov-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Forget Cathie Wood’s $500K Bitcoin call — the new price target is $560K
After a glorious rally in October, Bitcoin has pulled back below $60,000. Still, Ark Invest’s Cathie Wood remains optimistic about the world’s largest cryptocurrency.
In fact, she’s even more bullish than before.
Last week, Wood told Barron’s that if “institutional investors move into Bitcoin and allocate 5% of their portfolios,” the price of the cryptocurrency would soar to about $560,000 by 2026.