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Cathie Wood, CEO of Ark Invest, predicted bitcoin will reach $650k by 2030 as Robert F. Kennedy Jr. (RFK) says he has put most of his wealth into btc.
Wood said CNBC's Squawk Box indicates that Ark's 2030 price target for bitcoin is $650,000 in the base case, and between $1 million and $1.5 million in the bull case.
Cathie Wood Says bitcoin Still Has a “Long Way to Go”
During the interview, Wood said Ark Invest was the first public asset manager to gain exposure to the largest crypto by market cap after purchasing btc in 2015 at $250 per coin. Since then, bitcoin has risen exponentially with the king of cryptocurrencies. <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/”>trade to $91,953 at 3:20 a.m. EST after a 13% rise last week.
Despite the parabolic gain in bitcoin's value since 2015, the Ark Invest CEO still believes the btc price has a “long way to go.” Much of this anticipated boost, according to Wood, will be driven by “regulatory relief” in the United States after the new Trump administration takes office in January.
He added that Ark Invest now sees bitcoin as “a new asset class” rather than simply a global monetary system. She believes other “asset allocators” will view btc the same way and will want to include the crypto in their investment portfolios to diversify.
RFK “committed” to btc
Wood is not the only person optimistic about bitcoin. Former independent presidential candidate Robert F. Kennedy Jr. said he is a “big supporter of bitcoin” in a Nov. 16 x post.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.340298507463″>
bitcoin is the currency of freedom, a hedge against inflation for middle-class Americans, a remedy against the debasement of the dollar as the world's reserve currency, and a way out of a ruinous national debt. bitcoin will not have a stronger defender than Howard Lutnik.
– Robert F. Kennedy Jr (@RobertKennedyJr) <a target="_blank" href="https://twitter.com/RobertKennedyJr/status/1857844634879152540?ref_src=twsrc%5Etfw”>November 16, 2024
In addition to being an “inflation hedge for middle-class Americans,” he believes bitcoin is “the currency of freedom” that will “remedy the debasement of the dollar as the global reserve currency.”
This is not the former candidate's first pro-bitcoin post. In July 2023, he revealed that he bought 2 bitcoin for each of his 7 children.
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