Ark Invest, led by Cathie Wood, has revised its Bitcoin price predictions, suggesting it could soar to $2.4 million per coin by 2030. At a minimum, the firm forecasts a bear case of around $500,000 within the next five years. This updated forecast combines previous models with new insights on Bitcoin’s active supply, which considers ...
ARK Invest has significantly increased its Bitcoin price target for 2030, estimating it could reach as high as $2.4 million. This bold prediction comes from revised assumptions on Bitcoin’s active supply, excluding lost or long-held coins. Currently, Bitcoin trades around $94,000, reflecting a potential compound annual growth rate of 72% from last year to 2030. ...
ARK Invest has dramatically increased its Bitcoin price predictions for 2030, suggesting it could soar to as high as $2.4 million per coin. This update comes after a reassessment of Bitcoin’s active supply, excluding lost or unmovable coins. Currently trading around $94,000, the company projects a 72% growth rate annually through 2030. Their base scenario ...
ARK Invest has revised its long-term forecast for Bitcoin, predicting a bull case price target of around $2.4 million by 2030. This comes from a detailed analysis of Bitcoin’s Market potential, adoption rates, and supply trends. The new target reflects an impressive growth rate of about 72% annually from 2024 to 2030, while ARK’s base ...
Cathie Wood’s ARK Invest has taken a mixed approach following the U.S. announcement of new trade tariffs. The firm sold $12 million worth of its spot Bitcoin ETF while simultaneously purchasing $26.6 million in Coinbase stock. This buying spree included significant acquisitions on April 4 and April 7. Despite the Bitcoin ETF sale, ARK continues ...
Cathie Wood’s ARK Invest is taking a mixed approach to new U.S. trade tariffs. The firm has sold $12 million worth of its ARK 21Shares Bitcoin ETF while investing $26.6 million in Coinbase stock. This includes significant purchases of $13.2 million and $13.3 million just days apart following the tariff announcement on April 2. Despite ...
ARK Invest, led by Cathie Wood, made a notable investment shift amidst the recent cryptocurrency downturn. The firm sold over 98,000 shares of its own Bitcoin ETF, worth about $8.6 million, while purchasing 41,032 shares of Coinbase for approximately $8.7 million. Despite Coinbase’s stock falling by 6.5% to $212.49, ARK remains optimistic, likely due to ...
Cathie Wood and ARK Invest are known for their enthusiasm for technology and artificial intelligence stocks, making their interest in cryptocurrencies, particularly Bitcoin, unsurprising. Wood views Bitcoin as a digital gold and an effective hedge against inflation, predicting a bull case price of $1.5 million by 2030. She highlights the increasing interest from institutional investors, ...
Cathie Wood and ARK Invest have shown a strong interest in cryptocurrencies, particularly Bitcoin, which she views as digital gold and a hedge against inflation. Wood has set ambitious Bitcoin price targets for 2030, ranging from $300,000 in a bear case to $1.5 million in a bullish scenario, fueled by increasing institutional adoption and its ...
Cathie Wood, the renowned fund manager at ARK Invest, has made significant changes to her investment portfolio for the new year. This week, she sold 500,000 shares of the struggling AI stock, UiPath, which has seen a drastic decline of over 40% in value. This decision reflects a re-evaluation of risks and opportunities in the ...
