1 Top Cryptocurrency to Buy Before It Soars 3,000% or More, According to Cathie Wood
According to Ark Invest CEO Cathie Wood, the price of Bitcoin (CRYPTO: BTC) could soar to as high as $1.5 million by 2030. Given Bitcoin's current price of just under $50,000, that would represent a nearly 3,000% gain within a remarkably short period.
At first glance, this $1.5 million price target might strike you as outlandish. After all, in its entire 15-year history, Bitcoin has only reached a high of $69,000 -- and that was during the extremely frothy and speculative crypto bull market of 2020-2021. But, as Wood points out, two key catalysts could lead to Bitcoin skyrocketing in value. Let's take a closer look.
The obvious starting point is the new spot Bitcoin ETF product. Ark Invest is one of the investment firms that received approval for a spot Bitcoin ETF, so it's no surprise that Wood is extremely bullish on what this means for the long-term growth of Bitcoin. As she recently pointed out on CNBC, the SEC just gave the "green light" for both Wall Street and Main Street to invest in Bitcoin.
Source Fool.com
