Cathie Wood’s $500K Bitcoin call is already happening — how to ride the wave to half a million
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Cathie Wood isn’t afraid to make bold predictions.
Back in early 2018, the owner of Ark Invest said Tesla shares would go from $300 to $4,000 within five years — a potential upside of around 1,200 per cent.
Yet Tesla hit the target early. This January, Tesla shares surged past the $800 mark or $4,000 on a split-adjusted basis.
Pretty astounding, but Tesla may not be Wood’s most bullish call at the moment. Last month, she told CNBC that the price of Bitcoin could soar to half a million dollars in five years.
“If we’re right and companies continue to diversify their cash into something like Bitcoin, and institutional investors start allocating 5 per cent of their funds in Bitcoin […] we believe the price will be ten-fold what it is today. Instead of $45,000, over $500,000,” she said.