The founder and CEO of crypto-friendly investment firm Ark Invest, Cathie Wood, made striking statements in an interview with CNBC on January 11. Following the approval of all spot Bitcoin ETF applications by the SEC, the famed figure discussed notable predictions for Bitcoin and also did not fail to explain her personal Bitcoin investment strategy.
Striking Statements from Cathie Wood
Recently, Ark Invest continues to make headlines with its buying and selling transactions within various fund products. Following the SEC’s approval of spot Bitcoin ETF applications on the night of January 11, Cathie Wood made an important prediction about the Bitcoin price in an interview with CNBC.
According to the famous figure, Bitcoin could reach $1.5 million by 2030 in the event of a potential bull season. Wood added that the price target to be considered for Bitcoin is $600,000.
In the continuation of the interview, Wood also revealed to the public that she keeps 25% of her personal wealth in Bitcoin and considers Bitcoin a public good. The prominent figure made an analogy of Bitcoin to the internet revolution of the 90s and mentioned that the internet sector was not initially anticipated for trade and financial services when it first emerged.
Ark Invest and the Crypto Market
Ark Invest, during the third quarter of 2023, caught the attention of many investors by offloading shares of Coinbase and GBTC amid a rising trend led by Bitcoin. The asset company realized significant profits from these sales and made its initial purchases from the United States-based Robinhood, which recently announced steps to offer services in the United Kingdom.
With these developments, Ark Invest’s spot Bitcoin ETF product The ARK 21Shares Bitcoin ETF (ARKB) will be presented to investors. Ark Invest managed to be among the first companies to complete the necessary procedures during the spot Bitcoin ETF application process and is expected to hold a notable position among investors as a result.
