ARK Invest’s Cathie Wood Details Massive 2,000% Bitcoin Rally Prediction After Crypto Market Bounce

ARK Make investments CEO Cathie Wooden is outlining a daring Bitcoin (BTC) prediction.

In a brand new CNBC interview, ARK Make investments CEO Cathie Wooden says that she firmly believes the highest crypto asset will soar by greater than 2,000% inside seven years.

“Actually, we’re somewhat increased than [$500,000] in our base case for the yr 2030. And in our bull case, a lot increased.”

Wooden says the scandals and bankruptcies that hit the crypto house in 2022, just like the implosion of Sam Bankman-Fried’s FTX, truly underscore the worth of the decentralization and transparency within the Bitcoin and Ethereum (ETH) ecosystems.

“In the event you take a look at what has occurred within the final yr, truly, Sam Bankman-Fried didn’t like Bitcoin in any respect. And he didn’t prefer it due to its decentralization and transparency. And what firms went below? They have been the highly-centralized, non-transparent, opaque firms.

So, FTX, Celsius, Three Arrows Capital. In the event you take a look at what occurred to Bitcoin, the community, and Ethereum, the community, they actually didn’t skip a beat. All transactions have been accomplished. All good contracts opened and closed.

I feel that beginning with ’08-’09, which is when Bitcoin actually debuted, and much more so, after the crypto fallout this previous yr, the collapse in lots of firms, this concept of transparency and decentralization is taking maintain and Bitcoin and Ethereum are the 2 greatest manifestations of that within the crypto world.”

After a big bounce from November lows, Bitcoin is now value $23,040 at time of writing whereas Ethereum trades at $1,575.

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