Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"ARK Invest CEO Cathie Wood has been a long-time supporter of Bitcoin. The CEO had taken the bold step and become one of the first managers of a public fund to actually support the digital asset openly. ARK Invest had gone on to make some investments related to the cryptocurrency such as buying shares of Coinbase, the first crypto exchange to go public, and holding significant shares in the Grayscale Bitcoin Trust (GBTC). Now, the CEO has once more reiterated her belief in the long-term potential of the digital asset. Bitcoin Headed To $1 Million Over the last year, Cathie Wood has had some very bullish stances on bitcoin. This has seen the CEO reveal some very interesting forecasts for the digital asset. In 2021, Cathie Wood said that she believed the price of bitcoin was going to hit $500,000 in five years. This was when the bull run was in full swing and the digital asset had actually already hit multiple new all-time highs. Related Reading: Avalanche (AVAX) May Be Down, But It\u2019s Not Out, Here\u2019s Why Despite the decline in the price of the digital asset since that time, the CEO is back once more to reiterate her bullish stance on the cryptocurrency. Speaking on the \u201cWhat Bitcoin Did\u201d podcast, Wood presented her bullish case for the digital asset once more. According to the ARK Invest CEO, she believes that the bitcoin price will reach $1 million in 2030. Now, this is not the first time that Wood would be giving this exact forecast. Speaking at the Bitcoin 2022 conference in Miami earlier this year, Wood had given this exact same prediction. She explained that this is because institutions were starting to move into the market, which would give it the push it needed to beat such prices. BTC recovers to mid-$19,000s | Source: BTCUSD on TradingView.com Major Reasons For This In the past, Wood has said that her firm believes that the entrance of institutional investors into bitcoin would be the main driving force behind its price. Back then, Wood explained that even if just 5% of institutional money were to move into the digital asset, it would surpass the $500,000 level, which she believes would happen by 2030. Another reason given for this is the protection that bitcoin provides to investors. Over the years, there have been impacts on accumulated wealth on the part of investors due to the increase in inflation. Wood says bitcoin has become an insurance policy for investors worldwide, which is why she believes it is going to a million dollars. Related Reading: Finder\u2019s Panel Predicts 11% Growth For Bitcoin By Year-End \u201cMy background is both economics and finance. So I feel very confident in what I\u2019m saying: this is the first global private, meaning no government oversight, digital rules-based monetary system. When I\u2019m explaining it like that I ask everyone to listen to each of those words, each one of them is very important. This is one of the most profound innovations of our time.\u201d Wood is not the only one at ARK Invest who seems convinced of the growing power of bitcoin. The CEO explained that the price target is from the research arm of ARK Invest which has taken many factors into account before coming up with this number. Featured image from Barron’s, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":507581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8861,428,678,679,1119,1144,78790,55016],"class_list":["post-507578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ark-invest","tag-bitcoin","tag-bitcoin-prediction","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-cathie-wood"],"acf":[],"yoast_head":"\n
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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"ARK Invest\u2019s Cathie Wood Puts Bitcoin At $1 Million In 8 Years, Here\u2019s Why","url":"http:\/\/uniquehot.com\/news\/ark-invests-cathie-wood-puts-bitcoin-at-1-million-in-8-years-heres-why\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ark-invests-cathie-wood-puts-bitcoin-at-1-million-in-8-years-heres-why\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/bitcoin-3.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/bitcoin-3.jpeg?fit=1280%2C960"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ark invest","bitcoin","bitcoin prediction","bitcoin price","btc","btcusd","btcusdt","cathie wood"],"dateCreated":"2022-10-24T23:00:55Z","datePublished":"2022-10-24T23:00:55Z","dateModified":"2024-06-11T08:04:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ARK Invest\\u2019s Cathie Wood Puts Bitcoin At $1 Million In 8 Years, Here\\u2019s Why\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ark-invests-cathie-wood-puts-bitcoin-at-1-million-in-8-years-heres-why\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ark-invests-cathie-wood-puts-bitcoin-at-1-million-in-8-years-heres-why\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/bitcoin-3.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/bitcoin-3.jpeg?fit=1280%2C960\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ark invest\",\"bitcoin\",\"bitcoin prediction\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\",\"cathie wood\"],\"dateCreated\":\"2022-10-24T23:00:55Z\",\"datePublished\":\"2022-10-24T23:00:55Z\",\"dateModified\":\"2024-06-11T08:04:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/bitcoin-3.jpeg?fit=1280%2C960","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/507578"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=507578"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/507578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/507581"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=507578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=507578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=507578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}