1 Superior Cryptocurrency to Buy Before It Soars 2,860%, According to Cathie Wood's Ark Invest
Bitcoin (CRYPTO: BTC) hit an important milestone in February, surpassing $50,000 for the first time since December 2021. The cryptocurrency has gained 120% over the past year as economic optimism led to a rotation into risk assets. More recently, the approval of spot Bitcoin exchange-traded funds has also contributed to its price appreciation.
However, Cathie Wood's Ark Invest sees Bitcoin moving much higher. Ark analysts have proposed a bull-case price target of $1.48 million by 2030, implying 2,860% upside from its current price. Should that estimate prove accurate, $10,000 invested in Bitcoin today would be worth about $296,000 by the end of the decade.
Here's what investors should know about this cryptocurrency.
Source Fool.com
