“The Odds Bitcoin Goes to $1.48 Million Dollars Is HIGHER” Cathie Wood Bitcoin 2024 Prediction

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ARK Invest’s Cathie Wood believes that over the next few years, Bitcoin is going to 40x going from its price today, to $1.5 million dollars per coin.

Cathie first bought Bitcoin back in 2015.

At the time Bitcoin was only $250. Cathie was one of the first institutional investors to recognise the enormous opportunity. Now almost 10 years later, her firm ARK Invest got approved to launch a Bitcoin ETF.

In an interview this week, Cathie stated that she has never had more conviction in Bitcoin than right now.

She pointed out in 2023, Bitcoin turned a corner.

When Bitcoin’s price increased amidst the regional banking crisis, the narrative began to shift.No longer is it just a risk-on asset, but it’s now also a risk-off asset.

On one hand, Bitcoin is a bet on technology. A bet that the world & monetary systems will continue to become more digital.

At the same time, Bitcoin protects you against inflation & the the devaluation of the dollar. It also shields you from counterparty risk.

A risk-on & a risk-off asset.

In Cathies eyes, in terms of returns, there is no competition:

Make sure to stick around to the end of the video where Cathie breaks down why she’s never been more bullish.

About Cathie Wood:

Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.

CREDITS:

To watch the full un-edited interview featured (and subscribe to a great finance resource!) check out:

ARK Invest

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Cathie Wood Bitcoin Prediction: “People Have NO IDEA What’s Coming…” (Time To BUY)

“The Odds Bitcoin Goes to $1.48 Million Dollars Is HIGHER” Cathie Wood Bitcoin 2024 Prediction

Yes uh so you’ll find in our big Ideas so that’s at ark-invest docomo uh for our Price Forecast uh and our base case uh is in the $600,000 range our bull case and we think the probability of the bull case has increased with this SEC approval this is

A green light our bull case is $1.5 Million by 2030 you can see the building blocks you can see how conservative we are in in terms of those building blocks uh this is a big idea it is a it is the first Global decentralized digital rules-based critical there rules-based

Monetary system in history uh it is a very big idea yes uh uh our first paper on this was in 2015 the white paper still on our site and uh we tried to figure out could Bitcoin serve the three roles of money store of value as you say

Most uh people agree with that one uh means of exchange unit of account and the answer to that was yet yes uh we put out a a a Bitcoin brainstorm uh with our part partner Bitcoin Park in Nashville and uh it it examines the convergence of artificial intelligence and Bitcoin and

You’ll hear uh his nickname’s Rose beef on that uh podcast talk about that convergence and how it’s going to uh redefine the vision of Labor it’s probably going to put the gig economy on steroids and it’s starting already in the emerging markets in Africa in particular so it’s very exciting I don’t

Think people understand how hard at work these the developers around the world have been uh lightning network is a a big part of leveraging uh leveraging the base layer uh Bitcoin so we’re very excited and we’re so happy that AR KB is is going to be part of the ecosystem

Arin best Kathy Wood believes that over the next few years Bitcoin is going to 40x going from its price today to $1.5 million per coin Kathy first bought Bitcoin back in 2015 at the time Bitcoin was only $250 Kathy was one of the First Institutional investors to recognize the

Enormous opportunity now almost 10 years later her firm AR invest got approved to launch a Bitcoin ET F in an interview this week Kathy stated that she has never had more conviction in Bitcoin than right now she pointed out in 2023 Bitcoin turned a corner when bitcoin’s price increased amidst the regional

Banking crisis The Narrative began to shift no longer is it just a risk on asset but it’s now also a riskof asset on one hand Bitcoin is a bet on technology a bet that the world and monetary systems will continue to become more digital at the same time Bitcoin

Protects who against inflation and the devaluation of the dollar it also Shields you from counterparty risk so it’s a risk on and a risk off asset in Kathy’s eyes in terms of returns there is no competition make sure to stick around to the end of the video where

Kathy breaks down why she’s never been more bullish than right now also guys if you want to stay most up to date on the crypto and Bitcoin World make sure to subscribe to my daily 5minute crypto newsletter it gives you the latest expert predictions any breaking news and

Top onchain analysis all in a nutshell click the first link in the description to join Over 40,000 others in becoming a better crypto investor right now now here’s Kathy Wood with why she believes Bitcoin is going to pull a 40x over the next few years um yes typically in a

Situation like this where there are a lot of competitors uh the the uh market consolidates so we would expect that to happen um we hope and trust that we will be one of the winners uh and and I think from our point of view we have we have

Some competitive advantages a lot of people are talking about fees and I’ll get to that but we the there are three competitive advantages that I think are are very important one is our infrastructure and operations our partner 21 shares uh has built this infrastructure uh and been operating 40

Different funds through booms and busts through havingsex and airdrops and you know and and through periods that the ETF industry just has never seen so uh our infrastructure is Battle tested uh the second is research uh as you know we give all of our research away our first

Uh blog on bitcoin was the year of our founding 2014 our first white paper uh Bitcoin could it serve the three roles of money we did in collaboration with art laugher in 2015 and we gained our first exposure Ure in Bitcoin at $250 um and and have never left it uh we

Think the story has just begun uh so we’ve been Pro putting prolific research out there and now we have a Bitcoin monthly um uh report and a Bitcoin uh brainstorm monthly so uh we continue to give our research away as does our partner uh 21 shares and then the third

And this is not to be underestimated the third competitive Advantage we have is a Salesforce that started selling uh our exposure to Bitcoin in 2016 that’s when we partnered with Resolute investment management and I remember in the early days they were saying oh my goodness what is this what’s Bitcoin and so they

Had to figure out what Bitcoin was and they paid a lot of attention to our research and they have developed conviction I mean bitcoin’s been a marvelous investment um I don’t think there will be 11 spot ET Bitcoin ETFs uh some may close some may be uh consolidated into bigger companies

Uh the more pure play uh companies may be bought out by uh by the larger players who need that need more of that expertise inhouse so uh I do think the process of closing and consolidation will take take us down to to three maybe four but more likely three uh well

You’ll see that we did uh even before today we scaled out of uh gbtc as the discount narrowed uh so dramatically into um into pro shares uh Bitcoin Futures so let’s say as a first stop I can’t talk about what we are doing or are going to do in the future uh but

Logic would logic would suggest uh that um we’d be making another move at some point so um that that we will uh we we will not lose exposure to bitcoin um we’re probably more excited about the possibility of price appreciation now that uh despite the controversy the SEC

Has given a spot Bitcoin ETF uh the green light I think finally institutions will feel more comfortable stepping in and what’s so interesting right now is that already outstanding there are I think it’s 19.6 million Bitcoin there will never be any more than 21 million 15 million of

That 19.6 are in what we call strong hands uh they their wallets have not moved Bitcoin in 155 days or more that’s you know that’s 75% of the outstanding so now we believe there’s going to become as institutions enter real scarcity value and each dollar moving in

Will have more of an outsized impact now than it did before we got the green light and what Vanguard is doing is basically saying you know the world’s not going to change uh these new Financial rails are not going to be successful we’re still going to have seven middlemen between uh merchants and

Consumers each one taking a toll and we just don’t think that’s that’s going to prove correct uh truth always wins out Innovation solves problems there’s a lot of friction uh in the financial system uh and we believe that Bitcoin uh block blockchain technology generally are

Going to take a lot of the friction out of the system the other reason I think this is a terrible mistake is you know they’re going to deprive the investors who stay with them of really the the first Global decentralized private no government oversight rules-based critical phrase there monetary policy monetary system in

History my mentor art laugher you may know him from the laugher curve he’s also a military scholar he said this is what I have been waiting for for uh for 50 years since they closed the gold window in 1971 um he is so excited about this uh

New asset class and that is the other mistake I think that Vanguard is making it’s depriving uh its clients of access to a new asset class and what do we know about new asset classes well if it’s truly uh non correlated or or exhibits very low correlation of returns to other

Assets then uh what what a diversification into this new asset class will enable is increased return per unit of risk uh that that I think that advisers have a fiduciary responsibility to look at this new asset class and to the extent uh they’re working with Vanguard they will be

Prohibited so again I think it’s a strategic blunder but again uh we’re all about disruptive innovation that’s all we do right uh this is the most profound disruptive innovation taking place in the world today yes our base case is roughly 600,000 our bull case and we think the probability of the bull case

Has gone up now that institutions have the green light our bull case is closer to $1.5 million uh in the next 10 years so uh what is the what the the biggest risk we were running was our regulators chasing Innovation from a American Shores uh and so that was the biggest

Risk we we we were concerned about um I think after 2022 and all the crises we uh we saw back then including the bankruptcy and unwinding and ultimate bankruptcy of FTX that actually proved uh the case for Bitcoin you know it’s interesting Sam bankman freed did not

Like Bitcoin why didn’t he like it well it’s a completely decentralized Network it’s completely transparent you can watch wallets move uh Bitcoin from one address to the to the other um and uh and you look at FTX it was completely centralized completely opaque and it turns out completely

Fraudulent uh so I I think in terms of the the risks to Bitcoin that The Regulators have been so staunchly opposed mostly Gary gendler I would submit but uh there is another regulator opposed um that I think we have uh we have studied and you know done as much

Due diligence about the health of this network that’s why we put out a Bitcoin monthly um that it would be very difficult to perpetrate fraud in the base layer of Bitcoin any of the hacks you’ve heard about are are on applications built on top of the base

Layer and and those are software errors uh that uh able the hackers in but the base layer which is the monetary system after all has not been hacked so uh I I think that the Regulators while while it was very frustrating and while and and while that the courts had to uh rule

Make make some rulings in here here uh the the regulatory resistance I think has hardcoded if for want of a better word the security and safety of the network so there’s Kathy Wood from Aran bestest with her unwavering belief in the future of Bitcoin Kathy’s bold prediction of a 40x increase in

Bitcoin’s value reaching $1.5 million per coin in the coming years underscores her deep conviction in its potential from her early investment in Bitcoin back in 2015 when it was just $250 to the recent launch of arch invest Bitcoin ETF Kathy has consistently been at the Forefront of embracing the

Opportunities in the crypto space in today’s interview she reaffirmed her confidence highlighting bitcoin’s Evolution and its new role as both a risk on and riskof asset her insights into bitcoin’s dual nature as a technological bet and a hedge against inflation and counterparty risk are indeed compelling as we wrap up remember

That this is just the beginning of a trans transformative journey into the world of digital assets Kathy’s perspective opens up a window to the vast possibilities and returns that Bitcoin and cryptocurrencies offer before you leave don’t forget to subscribe to my daily 5minute crypto newsletter is packed with the latest

Exper predictions breaking news and top on chain analysis all designed to enhance your understanding and skills in crypto investing join the 40,000 others who are navigating the crypto Market more effectively by clicking the first link in the description anyway guys hope you all enjoyed today’s video and that provided you with some

Value I’ll see you all in the next one and as always all the best