As per the current market sentiment, Bitcoin appears to have begun a recovery rally surging above$16k. The asset is seeing significant resistance around $16,300.
Cathie Wood, CEO of Ark Invest, predicts that by the end of 2023, in anticipation of the next halving, Bitcoin’s price could potentially reach $1 million.
While the crypto critics are flashing all sorts of warning signs considering the domino effect in the industry, Wood appears to be positive on Bitcoin after ARK invested in Grayscale’s heavily discounted Bitcoin fund. As a result, she is doubling down on her previously audacious prediction that the price of the leading cryptocurrency will reach $1M per coin by 2030.
Given the recent fall of the crypto market, is such a grandiose price projection realistic? How reliable is Wood’s prediction in light of the ARK Innovation ETF’s drop, which is comparable to Bitcoin’s?
Source: https://coinpedia.org/opinion/ark-invest-ceo-cathie-wood-predicts-bitcoin-price-for-2030/