ARK INVEST CEO Predicts $500,000 Bitcoin Price By 2026!

Said chief executive officer of the company 's Ark Invest Ark Invest , Kathy Wood Cathie of Wood , she expects the price of Bitcoin BTC to 500 thousand dollars within five years, during an interview with broadcaster CNBC Andrew Ross Sorkin Andrew Ross Sorkin at the Conference of Salt SALT in New York City on Monday last .

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During the interview, Sorkin specifically asked a question about the value of Bitcoin in five years.

Wood replied :

“If we are right and companies continue to diversify their funds into something like bitcoin , and institutional investors start putting 5% of their money into bitcoin , we think the price will be ten times what it is today, from $ 45,000 to over $ 500,000.”

Wood was also asked later, frankly, about a case if, for example, she could only own one cryptocurrency, what would it be? where she answered:

"This question has become harder and harder to answer."

“I think I will default to Bitcoin , because countries now consider it legal tender, something we didn’t consider before.”

This data comes on the heels of a week that saw El Salvador become the first country to recognize Bitcoin as legal tender, and Ark Invest applied for one of its funds to invest in Canadian Bitcoin ETFs.

In a late filing on Friday, the $ 5.7 billion ARK Next Generation Internet ETF (ARKW) changed its prospectus to include exposure to Bitcoin via Canadian ETFs.

It is worth mentioning that the United States market, is still eagerly awaiting the approval of the Securities and Exchange SEC Watch , boxes Bitcoin ET F of Bitcoin the ETF , where she presented a series of recent funds to the Securities and Exchange Commission, the futures contract for the Bitcoin ET FSI .

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Both the Van Lake VanEck and Invesco Invesco and Goldman Sachs , Goldman Sachs and Jarayeh Scheele Bitcoin Trust Grayscale Bitcoin Trust and Verada Fund Viridi Funds , have applied all or began to offer investment instruments linked to investment funds traded in Bitcoin .

The slight rise is also considered in the recordings ETA F by large companies, evidence of the large and growing demand for exposure to currency Bitcoin , through the traditional tools of investment in the United States.

According to Bloomberg Bloomberg A round , enjoying orca W. ARKW already estimated at 5.5 % of exposure to Jraaskil Bitcoin Trust Trust of Bitcoin Grayscale , , where GBTC is one of the fastest paths to reach Bitcoin through a fund in the United States.

That, although a forced shutdown of the sixth month, before the shares could be redeemed, has alienated confidence from the Bitcoin price .

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They are traded, as a result, at a significant premium or discount, which explains why ARK is seeking exposure through other CTFs.