Ark Invest CEO Cathie Wood raises bitcoin price target from $1.5M to $3.8M due to institutional demand and new ETF products.
Cathie Wood, CEO of Ark Invest, stated at the Bitcoin Investor Day conference that bitcoin could reach a price target of $3.8 million, up from her previous target of $1.5 million. She attributes this increase in target to the growing institutional demand and new ETF products that could further boost the price. Currently, bitcoin is trading at around $63,768, up 44% year-to-date.
March 22, 2024
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