According to Cathie Wood, who thinks the market is entirely wrong, Bitcoin will reach $1.3 million in the next 7 years, and Ethereum will reach an absurd $180,000 per ETH.
It is no secret that Cathie Wood and ARK Invest’s investment plan has failed miserably this year. Despite this, Cathie maintains her long-term innovation thesis and is sticking with the Bitcoin and Ethereum predictions she made in their 2022 Big Ideas Presentation.
In her most recent interview, Cathie discusses why she thinks the FED and the market have everything backward and that until inflation has actually turned around, growth and innovation will take off.
Keep watching until the very end of the video, when we will break down Cathie’s analysis and her predictions for Bitcoin and Ethereum.
About Cathie Wood:
Cathie Wood, also known as Catherine Duddy Wood, is the founder, chief executive officer, and chief investment officer of Ark Invest. Cathie Wood, who was also awarded the top stock picker of 2020 by Bloomberg News, is in charge of the biggest actively traded ETF in the world that invests in disruptive technology.
Ark Invests Cathie Wood predicts inflation will see ‘major downside surprises’ in coming months