ARK Invest’s Cathie Wood Puts Bitcoin At $1 Million In 8 Years, Here’s Why

ARK Invest CEO Cathie Wood has been a long-time supporter of Bitcoin. The CEO had taken the bold step and become one of the first managers of a public fund to actually support the digital asset openly. ARK Invest had gone on to make some investments related to the cryptocurrency such as buying shares of Coinbase, the first crypto exchange to go public, and holding significant shares in the Grayscale Bitcoin Trust (GBTC). Now, the CEO has once more reiterated her belief in the long-term potential of the digital asset. Bitcoin Headed To $1 Million Over the last year, Cathie Wood has had some very bullish stances on bitcoin. This has seen the CEO reveal some very interesting forecasts for the digital asset. In 2021, Cathie Wood said that she believed the price of bitcoin was going to hit $500,000 in five years. This was when the bull run was in full swing and the digital asset had actually already hit multiple new all-time highs. Related Reading: Avalanche (AVAX) May Be Down, But It’s Not Out, Here’s Why Despite the decline in the price of the digital asset since that time, the CEO is back once more to reiterate her bullish stance on the cryptocurrency. Speaking on the “What Bitcoin Did” podcast, Wood presented her bullish case for the digital asset once more. According to the ARK Invest CEO, she believes that the bitcoin price will reach $1 million in 2030. Now, this is not the first time that Wood would be giving this exact for...