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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Cathie Wood's Ark Sees Bitcoin Price Rising Above $1M By 2030

ARK Cathie Wood COIN Ark Invest

Cathie Wood’s Ark Invest says the price of a single Bitcoin (CRYPTO: BTC) could rise above $1 million by 2030.

What Happened: Ark analyst Yassine Elmandjra wrote in the company’s annual research report titled “Big Ideas 2022” that “Bitcoin’s market capitalization still represents a fraction of global assets and is likely to scale as nation-states adopt as legal tender.”

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