Cathie Wood: Bitcoin going beyond US$1m post-halving | nzherald.co.nz
nzherald.co.nz・2 minutes read
Kathy Wood predicts Bitcoin will reach a million-dollar valuation with the help of ETFs and the upcoming Haring event, set to reduce daily Bitcoin production in April. Institutional adoption and ETF approvals are driving increased Bitcoin exposure, with potential for further growth beyond $1 million by 2030.
Insights
- Kathy Wood predicts Bitcoin may surpass a million-dollar valuation due to ETFs and the upcoming Haring event, impacting supply and demand dynamics significantly.
- Institutional mindset shifts towards Bitcoin as an asset class are crucial for reaching Wood's bullish price targets, with potential for further growth beyond $1 million by 2030, highlighting the evolving perception of cryptocurrencies in the financial landscape.
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