Billionaire Investor Cathie Wood Says Bitcoin Could Reach $500,000


“Institutional managers have to look at new asset classes that are evolving, that have low correlations, that’s the key to diversification, and it’s the holy grail in terms of asset allocation,” Wood said. 

If institutions moved roughly 5% of their portfolio to bitcoin over time, Wood believes it would add $500,000 to the current price of bitcoin, to about $550,000 based on bitcoin’s current price. That represents a potential upside of 1,000% from current levels. 


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