Bitcoin's Banking Crisis Boosts Institutional Interest: Cathie Wood
TL;DR Summary
Cathie Wood, CEO of ARK Invest, believes that Bitcoin's behavior during the recent banking crisis will attract more institutions to invest in the cryptocurrency. Oliver Linch, CEO of Bittrex, notes that many big banks have already bought into crypto as an investment product. However, there is still a divide between traditional financial institutions and crypto firms, causing headwinds in institutional adoption. Wood predicts that institutional investors allocating between 2.5-6.5% of their portfolio into BTC will push the price towards $1.5 million by 2030.
Topics:business#banking-crisis#bitcoin#cathie-wood#cryptocurrency#institutional-adoption#investment-portfolios
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- Cathie Wood on Bank Turmoil, Bitcoin and Strategy Bloomberg Television
- Bitcoin Price Booms in Wake of Banking Crisis The Wall Street Journal
- If You Invested $1,000 In Bitcoin When Former Credit Suisse CEO Called It A Bubble, Here's How Much You'd Benzinga
- Cathie Wood Concerned Bank Solvency Not Being Addressed Bloomberg Television
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