Cathie Wood, the founder and CEO of Ark Invest, has expressed her confidence in the future of cryptocurrency and Coinbase stock. In a recent interview, Wood stated that she believes bitcoin could reach a price of over $1 million by 2030. She also believes that by owning Coinbase stock, her new portfolio is strong enough to knock the Nasdaq into oblivion.
Wood’s firm, Ark Invest, recently published a report stating that bitcoin’s long-term opportunity is strengthening. Despite a turbulent year, bitcoin’s network fundamentals have strengthened, and its holder base has become more long-term focused. The report also noted that while the asset still has room to heal, it is on a path towards mainstream adoption.
Wood’s bullish outlook on cryptocurrency and Coinbase stock comes as the market continues to experience volatility. However, she remains confident in the long-term prospects of these assets and believes that they will continue to shine in the years to come.
As the world becomes increasingly digital, the demand for cryptocurrency and blockchain technology is expected to grow. Wood’s investment in Coinbase and her bullish outlook on bitcoin suggest that she sees these assets as key players in the future of finance. With her track record of successful investments, many investors are likely to follow her lead and invest in these assets as well.
