What’s behind Cathie Wood’s ARK estimate for bitcoin to surge to $2.3 …
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What’s behind Cathie Wood’s ARK estimate for bitcoin to surge to $2.3 million
8
Christine Idzelis
Sat, February 3, 2024 at 1:56 AM GMT+9
ARK Investment Management, founded by its chief investment officer Cathie Wood, has a bullish take on bitcoin in its “big ideas” report this year.
ARK Investment Management, founded by its chief investment officer Cathie Wood, has a bullish take on bitcoin in its “big ideas” report this year. - Getty Images
Cathie Wood’s ARK Investment Management estimates bitcoin prices could skyrocket to $2.3 million on the back of an “optimal allocation” to the crypto currency from a massive global investable asset base.
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ARK made that estimate in its latest annual research report on “big ideas,” which pegged the global investable asset base at $250 trillion. A 19.4% allocation to bitcoin would correspond to bitcoin prices at around $2.3 million, a chart in the report shows.
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https://finance.yahoo.com/news/behind-cathie-wood-ark-estimate-165600705.html
8
Christine Idzelis
Sat, February 3, 2024 at 1:56 AM GMT+9
ARK Investment Management, founded by its chief investment officer Cathie Wood, has a bullish take on bitcoin in its “big ideas” report this year.
ARK Investment Management, founded by its chief investment officer Cathie Wood, has a bullish take on bitcoin in its “big ideas” report this year. - Getty Images
Cathie Wood’s ARK Investment Management estimates bitcoin prices could skyrocket to $2.3 million on the back of an “optimal allocation” to the crypto currency from a massive global investable asset base.
Most Read from MarketWatch
My wife and I sold our home to her son at a $100,000 discount. He’s now selling at a $250,000 profit. Do I ask for a cut?
When mortgage rates will cross the ‘key threshold’ that unfreezes the housing market, according to five economists
My brothers are co-owners on $1.9 million of our mother’s bank and brokerage accounts. She now has Alzheimer’s. How can I rectify this?
Google parent Alphabet took a $1.2 billion hit to exit office space last quarter — news that flew under the radar in a hectic week, says Barclays
Amazon says the ‘magic words.’ They spurred a $130 billion market-cap boost.
ARK made that estimate in its latest annual research report on “big ideas,” which pegged the global investable asset base at $250 trillion. A 19.4% allocation to bitcoin would correspond to bitcoin prices at around $2.3 million, a chart in the report shows.
--- omitted below ---
https://finance.yahoo.com/news/behind-cathie-wood-ark-estimate-165600705.html
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