From TokenPost · · 40s
Cathie Wood Predicts Bitcoin Positions
Large asset managers may start buying Bitcoin as Cathie Wood says they're rebalancing.
In brief
Large asset managers may start buying Bitcoin as Cathie Wood says they're rebalancing. ARK Invest's Cathie Wood states large allocators could take first Bitcoin positions while setting a $750,000 price target. Originally reported by TokenPost.
Cathie Wood
ARK Invest founder Cathie Wood says large asset allocators are probably rebalancing and may take first Bitcoin positions.
“large asset allocators are probably rebalancing and may be taking their first positions in bitcoin”
Price Target
Wood set her base case for Bitcoin closer to $750,000 per coin without quantifying allocator buying.
“Wood put her base case for bitcoin closer to $750,000 per coin”
No Purchase Data
Wood provided no purchase total or count of potential first-time Bitcoin buyers.
“Wood gave no purchase total or count of potential first-time buyers”
The short version
ARK Invest's Cathie Wood states large allocators could take first Bitcoin positions while setting a $750,000 price target.
