Cathie Wood is grateful for its focus on owning disruptive, innovative businesses operating within cutting-edge technology. Ark Invest, the company she runs, offers a lot of exchange sales funds (ETFs) to investors looking to gain exposure.
Wood is known for making bold predictions that attract many attention. However, these predictions are supported by an in-depth analysis that provides insight into thinking from Ark Invest.
Cathy Wood We believe that the best cryptocurrency can spike 635% (as of the afternoon price of February 22nd) over the remainder of the decade. Understanding recent developments and what the future holds may give you confidence to buy them.
Investors familiar with wood already knew that there was probably no other code in question Bitcoin (Cryptography: BTC). The rise in digital assets has recently been fueled by several key catalysts over the past year.
With the introduction of Spot Bitcoin ETFs, it has revealed how much demand there is to invest in user-friendly, regulatory compliant vehicles to gain exposure. Ark Invest research shows that this is the most successful ETF launch to date, with a cumulative inflow of nearly $90 billion.
Last April, Bitcoin received another half of its inflation rate down by half. Bitcoin’s inflation rate is now lower than gold inflation, which has historically been an asset of major stores.
The regulatory environment is becoming more kinder than Bitcoin and the crypto industry. President Donald Trump seems interested in not constraining innovation here. And he even proposed to build a nation Bitcoin Strategic Reserve. We have already seen individual states suggesting to create their own Bitcoin stockpile.
Last year was a monumental thing for Bitcoin’s advancement, especially as it relates to raising investors’ feelings about crypto. This momentum adds fuel to Wood’s 2030 price target. It envisages expanding institutional investment, adoption as digital gold, secure holdings in emerging markets, ownership by governments and corporations, and chain financial services activities.
These developments are encouraging for Bitcoin. But at the end of the day, what really matters is the person (and the amount of capital) who sees it as a legitimate reservoir of value. Given that it is an asset of nearly $2 trillion, it is clearly seen in favorable light.
The fixed supply of 21 million coins of Bitcoin is a distinct feature. After seeing how much government debt exists around the world, those who continue to climb at an astonishing rate are, make sense why Bitcoin is becoming more popular. It is completely decentralized and its supply cannot be changed.
The story continues