Ark Invest CEO Cathie Wood Doubles Down on Bitcoin Prediction, Says Base Case Target for BTC Remains $700,000
ARK Invest CEO Cathie Wood said Bitcoin (BTC) remains on the right track to reach a course of courses of at least $ 700,000 in a few years.
In a new interview on the Squawk box of CNBC, Wood said ARK continues to predict that Bitcoin will increase at least 580% of its current value by 2030.
“We have always had a 2030 goal, the basic case of the range of $ 700,000 to $ 750,000, the case of Taurus in the range of 1.5 million dollars.”
Wood says there are three motor factors behind the massive prediction of Bitcoin prices.
“David Puell, our chain analyst and analyst, has published this piece recently, and you can see the constituent elements, how we expect Bitcoin sharing or develop this million value parts, roughly, to be on the border, and the institutions simply tested the waters with regard to waters. kilometers to go.
Wood also says that the United States has been in a recession, but that it will soon end after clarity around President Trump's tariff negotiations, opening the door to massive economic growth, partly driven by the progress of artificial intelligence (AI).
“I have just published a letter speaking of the hilly recession in which we have been for three years, since Fed prices have increased. We obtained a negative quarter in the first quarter, and potentially in the second quarter. And I think that more and more people are concerned about a prolonged recession, and in the midst of all uncertainty, we are in fact at the end of this recession, and we go in a period, after this uncertainty, a greater recession, and that we are going in a period, after this uncertainty, at the end of this recession, and that we are going in a period, after this uncertainty, at the end of this uncertainty In a period, after this uncertainty, a greater recession, and that we are going in a period, after that, after this uncertainty, of the end of this uncertainty, and of this period, and of this period of recession, and of this period, after a greater uncertainty, of the end of this uncertainty.
And interesting, if you look at the government sector, we see incredible productivity movements taking place. There is a video between the new FDA chief (US Food and Drug Administration), and the new CDER chief (Center for Drug Evaluation and Research), and they talk about generative AI in the revision of studies, medical trials, which have reduced the work from days to a few minutes. So there is a lot of productivity that I think I am evolving in the ecosystem …
I Think that we will see much more growth focused on productivity, which means that inflation will be much lower than expected, which will be very compatible with capital. »»
Bitcoin is traded at $ 102,811 at the time of writing, up 2.4% in the last 24 hours.
https://www.youtube.com/watch?v=mvssn5ebfle
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