Can Bitcoin Really Reach a $1 Million Price Tag? Here's Why Cathie Wood Thinks So.
Known for their love of innovation and disruptive technologies, Cathie Wood and her team at Ark Invest are natural fans of Bitcoin (CRYPTO: BTC). They believe the world's first cryptocurrency has the potential to revolutionize financial markets and even the idea of money itself.
Their confidence in Bitcoin is so strong that analysts at Ark Invest released a report claiming that its price could be worth more than $1 million by 2030.
But for Bitcoin to get to that level, it would need to increase by more than 4,000% in just seven years. Although Bitcoin is no stranger to massive runs, this prediction seems outlandish at first glance. Fortunately for us, Ark's analyst provided a detailed synopsis of just how Bitcoin could get to the million-dollar mark.
Source Fool.com
