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Bitcoin is going to be the biggest part of the entire crypto asset ecosystem. It will be worth over 20 trillion dollars by the year 2030. This will bring in a lot of institutional players and drive the value of Bitcoin to over a million dollars.
This is the latest prediction from Cathie Wood.
Recently, Cathie Wood talked about the rise of Bitcoin ETFs and how ARK Invest did well despite changes in Grayscale Bitcoin Investment Trust (GBTC).
She underscored the significance of on-chain analytics in understanding Bitcoin's demand dynamics and emphasized the milestone of Bitcoin's supply growth dropping below that of gold. Wood's analysis suggested that the market's increasing efficiency, coupled with Bitcoin's scarcity post-halving, could lead to accelerated price appreciation.
Cathie also addressed worries about ETFs controlling Bitcoin. She explained that ETFs like ARK Invest represent lots of regular people, not just one big player.
However, make sure to stay until the end of the video where Cathie Wood explains how the April Halving will change the entire game for the crypto market.
About Cathie Wood:
Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.
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"Bitcoin Will Hit $1Million Dollars At THIS Date" Cathie Wood NEW 2024 Crypto Prediction
WHY You NEED To Own Just 0.1 Bitcoin (BTC) - Cathie Wood 2024 Prediction
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By: Jamie Tree
Title: "Bitcoin Will Hit $1Million Dollars At THIS Date" Cathie Wood NEW 2024 Crypto Prediction
Sourced From: www.youtube.com/watch?v=8-L1tNsUDx4
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