Bitcoin ETFs Drive Cathie Wood’s $3.8 Mil Price Target

News Snapshot:

Cathie Wood made this bold prediction recently: Boosted by ETF investments, the price of bitcoin will soar to $3.8 million. X The ARK Invest Founder and CEO explained her upbeat view at March's Bitcoin Investor Day conference in New York City. "We put our bull case for bitcoin at $1.5 million," Wood said. "If institutional investors were to allocate a little more than 5% of their portfolios to bitcoin, that alone would add $2.3 million to the projection I just gave you." It's an impressive forecast. In 2023, bitcoin's price skyrocketed by more than 150%, reaching more than $820 billion...