BlocksInform
Bitcoin Will Hit $1 Million by 2030, Claims Ark Invest CEO Cathie Wood appeared first on Coinpedia Fintech News
Cathie Wood, the visionary CEO of ARK Invest and a prominent advocate of Bitcoin, has re-affirmed her prediction that the price of BTC will reach $1 million by 2030. This prediction comes in the middle of Bitcoin's continued upward trend.
According to the wood, the Bitcoin network remained unscathed, despite facing various challenges such as the bearish market, crypto winter, and the fall of several leading businesses. The network functioned as intended, that is to say decentralised and transparent.
Wood thinks his projections are small, The findings of the 2023 report of Ark Invest's great ideas suggest that bitcoin has the potential to reach even higher prices over the next seven years.
Bitcoin as a way to preserve wealth?
Cathie wood believes that bitcoin offers possibilities to preserve wealth for people of all financial origins. It cites the global phenomenon of hyperinflation causing the collapse of the currency and the necessity of a downturn, or an insurance policy, like Bitcoin.
It also believes that wealthy individuals will benefit from using Bitcoin as a hedge against the possible confiscation of inflation. If successful, it could result in a bitcoin worth up to $1 million at the end of the decade.
The avid bitcoin supporter points out that the token has always outperformed other assets in the long run, making it the most successful asset in any class. Their durability and stability make them an excellent choice for the preservation of wealth.
