Ark Invest CEO Cathie Wood Predicts $500,000 Bitcoin Price By 2026

Ark Invest CEO Cathie Wood said she expects Bitcoin to soar to $500,000 in five years time during an interview with CNBC anchor Andrew Ross Sorkin at the SALT Conference in New York City on Monday.

During the interview, Sorkin notably asked Wood what Bitcoin would be worth in five years.

Wood responded, “If we’re right and companies continue to diversify their cash into something like Bitcoin, and institutional investors start allocating 5% of their funds in Bitcoin […] we believe the price will be ten-fold what it is today. Instead of $45,000, over $500,000.”

Later on, however, Wood was asked outright, if you could only own one cryptocurrency what would it be? She responded, “That is becoming a harder and harder question to answer.”

“I think I’d default still to Bitcoin because countries are now deeming it legal tender and we haven’t even put that into our thinking.”

This story is not been edited by the Supperrb.com Staff and is auto-generated from the hyperlinked syndicated feed

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