“People Have NO IDEA What’s Coming In 2024” | Cathie Wood Bitcoin Prediction (TIME TO BUY)

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Cathie Wood believes that Bitcoin is going to go over $1 million dollars per coin by 2030.

Why?

Because Cathie believes that around the world, monetary policy has become completely unhinged.

In other words, the printing of money by world governments, causing the devaluation of the dollar and inflation, has gotten completely out of control. On top of this, with the newly approved Bitcoin ETFs, Bitcoin now has a stamp of approval from the U.S government.

The Bitcoin ETFs have allowed for now trillions of dollars of institutional capital to slowly flow into Bitcoin.

And this institutional capital won’t be looking to trade it, this will be long -term holders joining the ecosystem.

Make sure to stick around to the end of the video where Cathie completely unpacks her $1 million dollar Bitcoin price Prediction.

About Cathie Wood:

Catherine Duddy Wood or better known as Cathie Wood is the founder, CEO, and chief investment officer of Ark Invest. Also named as the best stock picker of 2020 by Bloomberg News, Cathie Wood manages the world’s largest actively traded ETF that focuses on disruptive technologies.

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“People Have NO IDEA What’s Coming In 2024” | Cathie Wood Bitcoin Prediction (TIME TO BUY)

And as new asset classes evolve what institutions do in particular is they tiptoe in they start with 1% and then they migrate to two uh and then they migrate to five so I think in this one it’s 2 and a half% for the base case when there’s a new asset class it tends

To end up in the five to 6% range this happened to real estate uh it happened to private equity Capital which is now much more than uh 6% in many institutional funds it happened to the whole category of Emerging Markets monetary policy around the world is unhinged completely subject to different

Human theories about how it how monetary policy should work you’ve got the mon monitor School the Keynesian School the Austrian SL supply side School uh but then you have on the other side of it’s not just monetary policy it is politics that influences monetary policy around the world so it’s not independent uh

Around the world maybe a little more so in the United States than in other places but I just think pure politics is much more of an influence than um many people appreciate this idea of a rules-based monetary system a global one you know bringing the world together and

Uh you know preventing some of these discontinuous moves one country to the other sending people into poverty um and destroying you know purchasing power um I think if we could have a a a a global monetary system that is rules based uh and digital so uh take getting rid of

Some of the issues that of course that we’ve had with gold over the years I mean we always say Ark is focused on technologies that are going to transform the way the world works and make it a better place this is one of the most important ones Kathy Wood believes that

Bitcoin is going to go to over $1 million per coin by 2030 why because Kathy believes that around the world monetary policy has become completely unhinged in other words the printing of money by World governments causing the devaluation of the dollar and inflation has gotten completely out of control on

Top of this with the newly approved Bitcoin ET ETFs Bitcoin now has a stamp of approval from the US government the Bitcoin ETFs now allow for trillions of dollars of institutional Capital to slowly flow into Bitcoin and this institutional Capital won’t be looking to trade they will be long-term holders

Joining the ecosystem make sure to stick around to the end of the video where Kathy completely unpacks her $1 million bitcoin price prediction also guys only a small percentage of my viewers are actually subscribed if you enjoy Finance content consider subscribing or liking the video it’s free and you can always

Change your mind I first describe what it is and I ask them to listen very carefully to each of the words uh that that I’m saying it is the first Global private meaning no government intervention rules based if I didn’t say digital I should say it now digital

Monetary system uh that the world has ever known it is a very big idea and in fact what I often do is describe uh what art laer said to me uh after he finished reading the paper and you know he he basically said I think I might have mentioned it you know I’ve

Been waiting for this since they closed the gold window you know monetary policy has been completely unhinged there’s no discipline we’re going through booms and bus that are completely unnecessary um and I and I did say to him I said you know in studying the history of private money in the United

States prior to the FED 1913 I said but art you know that was a period of booms and busts and he said yes but they happened very quickly the what we’re doing with monetary policy right now they they happened quickly back then without a terrible amount of

Damage what we do these days is plug the dkes and uh make one monetary mistake after another and we end up in a a global massive crisis that takes years to get over and I did say at the time I said if this is such a big idea how big

Is it and he said well how big is the US monetary base the reserve currency’s monetary base back then it was 4 and a half trillion today it’s 8 trillion he said there’s your answer there’s your answer how big this could be if this is going to become an effective Global

Monetary system we ran with it and we have not stopped running because you’re right we have just begun and it is interesting to note that you know we’re up to 19 billion bit I mean million Bitcoin and we’re going to 21 million so the scarcity value argument the store of

Value uh is going to resonate even more uh because I believe when the SEC does relent and it will chairman Gary gendler is calling a controversy around the Bitcoin uh ETF his personal Vietnam he probably wants to get rid of it our uh coo Tom Stout feels that um we will have

Not we maybe a many people many firms will be approved for a Bitcoin ETF and when that happens uh that that will bring with it an Institutional uh acceptance uh that really could highlight the scarcity value of Bitcoin um and and institutions are not the only story thank you for reading our big

Ideas uh 2023 and in there you see our building blocks to um A6 to $650,000 price uh and perhaps one to$ one A5 million dollar price by 2030 most people in the world at the very least should have some of their Assets in Bitcoin as an insurance policy against

Confiscation of wealth and that can happen in a number of ways it can happen outright so to see MBS in Saudi Arabia lock his Co cousins up in the Ritz hotel and just take their wealth that’s confiscation that’s outright confiscation there’s inflation which is also confiscation of wealth

It’s a cruel tax it’s very regressive and Bitcoin um would be a a an important hedge against that for for anyone but especially for lower income people but I think the institutional allocation to Bitcoin in the base case uh I know at one point we said two and a half% that

May have gone down a little if we’re right that assumption alone I have been in the markets for a long time and as new asset classes evolve what institutions do in particular is they tiptoe in they start with 1% and then they migrate to two uh and

Then they migrate to five so I think in this one it’s 2 and a half% for the base case uh when there’s a new asset class it tends to end up in the five to six% range this happened uh to real estate uh it happened to private Equity Venture

Capital which is now much more than uh 6% in many institutional uh funds uh it happened to the whole C ategory of uh Emerging Markets uh and so uh I I think it’s that that one alone is very conservative uh and if you look at uh another one corporate balance sheets

Tesla Square have a Bitcoin on the balance sheets uh but uh we we make very uh cautious assumptions and I think the uh corporate treasury assumption is 2 and a half% of all cash and cash equivalents in Bitcoin and the bull case is 5% uh if we’re right and the purchasing power of

Bitcoin um becomes so obvious in the years ahead meaning uh the the purchasing power goes up instead of cash dollars staying pretty flat uh if not in real terms deteriorating um then more and more corporate treasuries are going to be putting uh Bitcoin on their balance

Sheets and in fact uh uh they’ll be uh the analysts will start question questioning them why are you why why do you have you know 95% of your cash in a depreciation depreciating asset when you could put it into a cash equivalent like Bitcoin and have an appreciating asset

So um remittances is another very big Market we assume 10 % uh of remittances in the base case and 25% you know instantaneous no fees or minimal fees compared to 8% fees as migrants send back to their home countries uh Sovereign Sovereign uh treasuries uh 1%

Only 1% in the base case 5% in the bull uh just like corporate treasuries uh they’ll be under pressure uh to start increasing their exposure to Bitcoin uh and uh Emerging Markets not just uh the the state treasuries but uh all of the populations who are subject to these

Swings in their currencies absolute demolition of their wealth uh when they go through hyperinflations we assume 3% of their of the populations in the Emerging Markets uh 3% of their Assets in the base case uh go to bitcoin and 10% in the bull so those are uh those are some of the cases

And then there’s the very the utility the other utility economic settlement network uh ba case and that’s 5% of all settlements uh in the base case and 10% in the bull case so that that gives you a a sense of how we have uh built those two estimates and those are pretty

Conservative assumptions we would suggest so there’s Kathy Wood on why she believes Bitcoin will surpass $1 million per coin by 2030 her belief stems from a critical observation of global monetary policy which she deems to have become unhinged due to excessive money printing by governments leading to currency devaluation and inflation Kathy has

Highlighted a significant milestone in the crypto world with the approval of Bitcoin ETF in the US which she sees as a governmental stamp of approval this development is Monumental Paving the way for trillions of dollars of institutional Capital to flow into Bitcoin unlike short-term Traders these institutional investors are expected to

Be long-term holders fundamentally strengthening the Bitcoin ecosystem if you find Value in the content and are passionate about Finance consider subscribing or liking the video it’s a simple gesture that supports the channel and ensures you stay connected with the latest in finance subscribing is free and you’re always free to change your

Mind 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