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Cathy Wood Doubles Down On $1 Million Bitcoin By 2030 Amid Recent Dip
In a recent interview with Bloomberg, Ark Invest CEO Cathy Wood has reaffirmed her bold prediction of Bitcoin reaching $1 million per coin by the year 2030. Despite the current market dip, Wood remains steadfast in her belief that the cryptocurrency will continue to rally and reach unprecedented heights.
Wood attributes this optimism to the favorable regulatory landscape, which she believes will pave the way for institutional adoption. Furthermore, she highlights the scarcity of Bitcoin as a significant factor in its growing appeal among institutions. The Ark Invest CEO emphasizes that technological factors are also at play, highlighting the security and immutability of the Bitcoin network.
The recent Bitcoin halving event earlier this year was cited by Wood as another crucial development, allowing the cryptocurrency’s annual supply to become lower than that of gold. This shift, in her opinion, will make Bitcoin more attractive to institutional investors, cementing its status as a digital store of value.
While short-term pullbacks are expected to occur within the market, Wood is unwavering in her long-term conviction. She believes that these setbacks will ultimately create opportunities for investors to accumulate Bitcoin at discounted prices.
As such, Wood’s stance remains unchanged despite recent market fluctuations. Her continued optimism suggests a strong faith in Bitcoin’s potential, making it clear that she will not be swayed by short-term price movements.
Source: ambcrypto.com
