Ark Invest CEO Cathie Wood stated that the Bitcoin (BTC) price will reach 600 thousand dollars.
Cathie Wood, CEO of Ark Invest, who is well known in the crypto industry, made a statement to Yahoo Finance the other day. She was asked questions about crypto. Wood’s price prediction about BTC attracted attention. Wood, better known for his investments in Coinbase and Grayscale Bitcoin Trust (GBTC), stated that the BTC price will reach 600 thousand dollars.
Ark Invest CEO Wood is optimistic for BTC!
Yahoo Finance’s guest last day was Ark Invest CEO Cathie Wood. The famous Bitcoin investor spoke about the SEC and Bitcoin ETFs. The leader of Ark Invest stated that they received questions from the SEC about Bitcoin spot ETFs. According to Wood, the SEC is working hard on Bitcoin spot ETFs, which indicates that they are in the approval phase. According to media reports, the SEC’s final ETF decision will be made on January 10. BTC rose from $25,000 to $36,000, pre-pricing the possibility that the SEC would approve it.
However, Wood argued that it is still at the beginning of pricing and BTC has a long way to go. Wood stated that BTC is the first global and digital asset. Additionally, Wood noted the unique position of private rules-based digital currency. According to Ark Invest’s CEO, BTC’s limited supply of 21 million will create appetite with greater institutional involvement. Thus, the supply and demand balance will push the BTC price up.
In his price prediction in this context, Wood claimed that BTC could rise to 600 thousand dollars. If Wood’s prediction comes true, this means a nearly 1500 percent rise for BTC.
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