Cathie Wood repeated her positive view on bitcoin this week at the Bitcoin 2022 conference in Miami, Florida. The Ark Invest chief executive forecasts the crypto will reach $1 million by 2030 in a presentation, Thursday. “We believe bitcoin has only just begun,” she told CNBC. “Institutions are only now catching up to individuals in terms of BTC adoption,” she explained. In recent weeks, BTC prices have fallen below $43,000 on many occasions and subsequently failed to make meaningful gains. The world’s top digital currency dropped to $42,534.90, down 8.1% in the last seven days, Coingecko data show, Saturday. Wood relayed the high-level prognosis from her company’s Big Ideas 2022 report during her Miami appearance. This contained the cryptocurrency’s lofty price target. The Vaunted Bitcoin Price Goal “Bitcoin’s price target for 2030 is greater than a million dollars per bitcoin,” Wood stated. Bitcoin 2022 Miami is the world’s largest gathering of crypto intellectuals and entrepreneurs. It is being held from April 6 to 9 at the Miami Beach Convention Center and has already attracted more than 35,000 registrants and over 7 million livestream watchers from around the world. According to Wood, bitcoin is the world’s first open-source, private digital rules-based monetary system. “It’s a pretty big notion,” the investor stated during her “The Future...
