Sumary of Ark Invest’s Cathie Wood Doubles Down on $500K Bitcoin Prediction, Discusses Crypto Regulation:
- Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today.
- Cathie Wood’s Ark Invest Predicts $500K Bitcoin Cathie Wood, the CEO of Ark Investment Management (Ark Invest), discussed bitcoin and crypto regulation in an interview at the SALT conference Monday.
- She was asked what bitcoin will be worth five years from now.
- ” The CEO of Ark Invest then talked about cryptocurrency exchange Coinbase’s trouble with the SEC regarding its lending product, noting that she “was shocked” to hear that Coinbase received a Wells Notice.
- A company called 3iq sued the regulator there and won in court so they were able to issue bitcoin ETFs [exchange-traded funds], and closed in funds and ether as well.