Cathie Wood latest prediction
Cathie Wood told the Bitcoin Investor Day conference in New York that the massive adoption of institutional investment and the launch of new ETF products means she predicts that the price of Bitcoin can exceed its current target price by more than $2 million in a bull market scenario, also That is, the price of Bitcoin may reach $3.8 million by 2030.
Cathie Wood explained: “Last year we proposed a bullish case for Bitcoin with a price target of $1.5 million. With the SEC giving the green light to institutional investment, the analysis we did was if institutional investors added 5% of their portfolios to Over % of funds are allocated to Bitcoin , as we think they will do in the future, and over time, this alone will add $2.3 million to the price prediction I just gave. ”
Several industry veterans have also predicted that the Bitcoin halving event expected to occur in April could trigger a supply shock, further fueling the current demand-driven upward trend.
Cathie Wood told a conference hosted by Reflexivity Research that she expects the upcoming halving event to have a similar effect to previous events. In the 12 months following the three halving events in 2012, 2016 and 2020, Bitcoin prices increased by 8,069%, 284% and 559% respectively.
Cathie Wood said: "We think (Bitcoin) still has a long way to go. We are still in the early stages of really building an Internet-based financial ecosystem and eliminating all fee merchants. "
According to previous news in January, Cathie Wood said in an interview: “ARK Invest’s basic prediction of Bitcoin price is to reach the range of US$600,000 in 2030. With the US SEC’s approval of spot Bitcoin ETF, the possibility of a bull market has increased. Increase, if in a bull market scenario, it may reach $1,500,000 in 2030.”
ARK report
In February of this year, "Cathie Wood" Cathie Wood led her ARK research team to release a report called "Big Ideas 2024" as scheduled.
In this 163-page report, "Cathie Wood" continues to focus on the field of "disruptive innovative technologies" and mentions the blockchain field many times. This article is summarized as follows:
In the future, with the large-scale adoption of blockchain technology, all funds and contracts may be transferred to the public blockchain to verify digital scarcity and proof of ownership.
The financial ecosystem will likely reset to accommodate the rise of cryptocurrencies and smart contracts.
These technologies increase transparency, reduce the impact of capital and regulatory controls, and reduce contract enforcement costs.
In such a world, as more assets become like money and businesses and consumers adapt to new financial infrastructures, digital wallets will become increasingly necessary, and corporate structures themselves may be affected. question.
In addition, she also mentioned Bitcoin Inscription, which is a disruptive innovation that allows users to record their records by introducing a unique numbering system for each Bitcoin Sats, while each Sats is identifiable and immutable. data, images or text.
The report also proposed how Bitcoin is evolving into a reliable safe-haven asset amid macroeconomic uncertainty and declining trust in traditional “safe-haven assets”:
Security and Capital Preservation: Bitcoin runs on a decentralized network that is not influenced by any single entity, government or central bank. Its open source nature protects it from arbitrary asset seizure and counterparty risk.
Diversification: Bitcoin has a low correlation to traditional asset classes, enhancing its role in portfolio diversification. Adding an uncorrelated asset to a portfolio may increase returns per unit of risk and provide a cushion when markets decline.
Long-term investment perspective: Despite Bitcoin's short-term volatility, it has the potential for significant long-term price growth due to its design and scarcity.
Liquidity and Accessibility: Investors around the world can access and trade Bitcoin 24/7, highlighting its importance in times of risk-off uncertainty.
Inflation Hedge: Bitcoin’s supply is capped at 21 million coins. Its scarcity characteristics make it consistent with gold's role as an inflation hedge.
legend of the times
Cathie Wood is the founder and CEO of American Ark Investment Company (ARK). Her real name is Cathie Wood.
It can be said that she is a well-known growth stock investor known for investing in disruptive innovative technologies, such as artificial intelligence, electric vehicles, blockchain, genetic sequencing, etc.
Her investment philosophy is to choose companies that can change the world, rather than companies that will not be changed as the world changes.
Her fund posted a staggering 134% return in 2020, beating the S&P 500's 18.4% return. She is also the number one Internet celebrity in the global investment community, with many fans and followers.
Cathie Wood’s growth experience is very legendary. She was born in 1955, her father was a radar systems engineer and her mother was a housewife. She has been interested in technology and finance since she was a child, and graduated from the University of Southern California with a double major in economics and finance. She has worked in several investment institutions, including Janis Fund, United Capital, Tucson Capital, etc.
She once boldly predicted that Tesla’s stock price would reach $4,000 (based on the current stock split ratio) and holds a large number of Tesla shares. She is also a loyal fan of Bitcoin and has repeatedly believed that Bitcoin is expected to reach the price target of US$1 million per coin.
She has accumulated rich experience and insights in the investment field, but she has also encountered many setbacks and doubts. She was fired for insisting on buying growth stocks such as Amazon and Tesla, and was criticized by the media and peers for fluctuating fund performance.
write at the end
Cathy Wood, the heart and soul of Ark Investment Management, is known for her deep insights into growth stocks, penetrating the disruptive nature of innovative technologies.
Her belief in Bitcoin is not only a hymn to the monetary revolution, but also a firm vision of the future - a digital gold that may touch the sky of $3.8 million per coin, and is expected to win widespread support and support from institutions.
The ARK research team painted a new picture of the financial world in its "Big Ideas 2024" report: In the near future, the torrent of funds will converge on Layer 1 such as Bitcoin, and the financial ecosystem will be reshaped, and Business and social structures will also evolve as a result.
