Cathie Wood has called a condition under which BTC could reach the $500 000 mark
The institutionalists should pay attention to new asset classes that are actively developing, she says
11.12.2021 - 07:05
159
1 min
0
.
What’s new? The Ark Invest founder Cathie Wood does not rule out that the price of bitcoin may rise to $500 000. If institutions allocate around 5% of their portfolio to the first cryptocurrency, it will strengthen more than 10 times its current value. This is the position she expressed in an interview with CNBC.
Why does Wood think so? The investor explained that virtual currencies have a low correlation with other asset classes. This characteristic feature should attract large investors looking for ways to diversify portfolios.
“Institutional managers have to look at new asset classes that are evolving that have low correlations. BTC is the Holy Grail in terms of asset allocation,” noted Cathie Wood.
How does Wood feel about cryptocurrencies? The founder of Ark Invest also emphasized that if she had to choose any one virtual currency, she would prefer bitcoin.
Useful material?
Telegram 
Twitter Market
A non-profit organization spokesman said that a reward is provided for any bugs that affect the code base of the Shapella upgrade
Mar 24, 2023
Market
Withdrawals from the platform are also temporarily unavailable
Mar 24, 2023
Market
The reasons for this decision are not reported
Mar 24, 2023
Incidents
The Justice Department will seek the entrepreneur’s extradition to the United States
Mar 24, 2023
Incidents
The average amount of stolen funds was $97 583
Mar 23, 2023
Incidents
At the moment, law enforcement officers are waiting for official confirmation of identity
Mar 23, 2023
Cryptocurrency rates
-
Bitcoin
$27 834
BTC
-0.23%
-
Ethereum
$1 767.41
ETH
-0.11%
-
Ripple
$0.45
XRP
-2.94%
-
Cardano
$0.36
ADA
-1.66%
-
Dogecoin
$0.07
DOGE
-2.06%
-
Polkadot
$6.03
DOT
-0.54%
-
Litecoin
$92.58
LTC
-0.93%
-
Solana
$10.15
SOL
-9.47%
-
Monero
$162.21
XMR
-1.53%
-
Stellar
$0.09
XLM
-0.88%