Cathie Wood from ARK Invest stated that Bitcoin's price, reaching a new record high of $90,000, still has room for further growth.
Bitcoin: New Highs and Future Predictions
As of November 13, Bitcoin hit a new record price of $93,477. Cathie Wood announced that despite this surge, the asset is still on its path for further growth. She recalled 2015 when ARK became the first public asset manager to invest in Bitcoin, then priced at $250.
Regulatory Aspects and New Role of Bitcoin
Wood highlighted that Bitcoin's momentum will be supported by 'regulatory relief'. The asset is now viewed as a new asset class, attracting the attention of institutions and asset managers.
Predictions and Economic Impact
Wood also reiterated her prediction for Bitcoin's value of $1 to $1.5 million by 2030. She emphasized that the reduction in Bitcoin's supply growth to 0.9% after its latest halving adds confidence to the market's favorable development.
Cathie Wood is confident in Bitcoin's future prospects, attributing its potential to regulatory changes and technological innovations that can significantly boost economic growth.
