This post was first published on capitalmind.in Indian markets have been making new highs lately. Naturally, the most frequent question doing the rounds is: Should you invest at market highs? The question tends to be phrased as “Isn’t it just plain dumb to be investing at market highs? Should I a) stop investing more and … Read more
So, Cathie Wood, in a recent Bloomberg interview, predicted Bitcoin will be $1 Million by 2030.
For reference, as of writing, BTC is $16.5k. So, about a 6000% increase from here.
Like with most things she says, a reaction-frenzy follows. It makes you wonder why a fund manager, down over 60% for the year, would make such an outrageous prediction. Why not a sedate $100K, which would still mean a 600% increase?
The BTC $1M prediction makes perfect sense when you unpack Ark’s marketing strategy.