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When To Expect Bitcoin To Hit $1 Million | Cathie Wood
In an interview with Yahoo! Finance, Cathie Wood made a bold price prediction about the Bitcoin price. It’s no secret that Cathie has stated that she firmly believes Bitcoin will hit $1M, but this time she put a time period behind it. Bitcoin is currently trading at $40,500, up 1.7% in the past 7 days. Bitcoin has been trading sideways, generally in the $35-$45,000 range ever since the 50% drop in January 2022 from its all-time high of $66,6974 in October 2021. Bitcoin reaching $1 million dollars might seem like a longshot as of now but with a halving not too far away many pundits, analysts, and talking heads also believe that reaching a high six figures to a million per coin is feasible. While many believe that Bitcoin’s path to $1Million rests mostly on the institutional adoption that everyone is expecting, Cathie had a different view on this.
THIS INTERVIEW WAS POSTED ON APRIL 16, 2022
Listen to the full unedited interview here ⬇ [Credits] 🙏
Cathie Wood on Elon Musk and Twitter, why she thinks bitcoin could reach $1 million, and more
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