Cathie Wood Predicts $500k Bitcoin Price If Institutions Invest

Though Bitcoin has failed to hit some of the loftier December price targets earlier this year, Cathie Wood remains bullish on the asset long-term. She recently reaffirmed her $500k price prediction from months ago, so long as institutions continue to diversify into it. Despite a volatile spot price, institutional adoption has steadily grown throughout 2021. Staying Bullish On Bitcoin YESTERDAY MORNING, the ARK Invest CEO gave her price forecast with CNBC’s Squawk Box. When asked whether she thought the crypto…

Ark Investment Looks to Explore Cryptocurrencies More By Investing in Canadian EFTs

Cathie Wood's Ark Investment Management grants one of its funds permission to invest in Canadian Bitcoin EFTs. The platform is looking for new ways to invest in digital assets. Wood, a bitcoin supporter, has been buying up proxies for the digital asset in names such as Grayscale Bitcoin Trust and Coinbase. However, she is now focusing on owning the actual asset. More Opportunities for Ark Investment According to the SEC filing, Ark Investment will launch funds that offer investment in…