Cathie Wood's Confidence in Bitcoin's $1.5 Million Price Target Grows
TL;DR Summary
Cathie Wood, CEO of Ark Invest, predicts that Bitcoin could reach $1.5 million per coin, citing her firm's internal analysis and increased confidence due to the regional bank crisis. Wood also discusses the performance of her primary ETF, Ark Innovation, and the positive inflows experienced by Ark funds since July. She expresses optimism for Coinbase and reallocates some of her stake towards "laggards" like genomic companies and Teradyne, while emphasizing Bitcoin's role as a hedge against counterparty risk.
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