Ark Investment Management CEO Cathie Wood says institutional investors support her bullish thesis of bitcoin reaching $500,000 in the next five years.
Speaking Wednesday afternoon during an interview on Barron’s, MarketWatch’s sister publication, Wood said that if “institutional investors move into bitcoin and allocate 5% of their portfolios,” the value of a bitcoin would rise to around $560,000 by 2026, based on current levels, according to ARK’s estimates.
then economy collapsing in 2028 as we all realize we backed pensions with imaginary coins, and its worse than backing it with mortgages no one can pay back.
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