2024-03-29 05:27:00 ET
Cathie Wood is the head of Ark Investment Management, which operates 14 exchange-traded funds (ETFs) focused on technological innovations. They include everything from artificial intelligence (AI) to electric vehicles to cryptocurrency.
Ark is extremely bullish on the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC) . The firm's official research implies the coin could deliver a gain of 2,000% by 2030, but Wood herself just came out with a new price target that points to a potential upside of more than 5,300%.
Bitcoin is trading near an all-time high right now and investors are as enthusiastic about its prospects as ever, but is Wood's forecast realistic?
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1 Unstoppable Cryptocurrency With 5,300% Upside by 2030, According to Cathie Wood