The founder and CEO of investment firm ARK Invest is doubling down on her prediction that Bitcoin (BTC) will hit a seven-figure price by 2030.
Responding to a question during an interview with Bloomberg about whether she is still holding on to her forecast that Bitcoin will reach $1 million in eight years, ARK Invest CEO Cathie Wood says that she is.
While stating that Bitcoin will come out of the market downturn “smelling like a rose,” Wood says that institutional investors will be more comfortable putting money in the flagship crypto asset and Ethereum (ETH) once they better understand them.
“We think Bitcoin is coming out of this smelling like a rose because of what I have mentioned previously. And I do think, though,