Here's How Much $100 Invested In Bitcoin Today Could Be Worth In 2030 If Cathie Wood's Price Target Comes True
Portfolio Pulse from Chris Katje
Ark Invest CEO Cathie Wood predicts Bitcoin could reach $1 million by 2030, with the company's Big Ideas report forecasting a range of $258,500 to $1.48 million. Ark Invest has increased its holdings in ETFs like ARKW, ARKF, and ARKK, which have top holdings in Coinbase Global (NASDAQ:COIN) and Grayscale Bitcoin Trust (OTC:GBTC).
May 23, 2023 | 6:50 pm
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POSITIVE IMPACT
Ark Invest's bullish stance on Bitcoin could positively impact Coinbase Global (NASDAQ:COIN), as it is among the top holdings in ARKW, ARKF, and ARKK ETFs.
As Ark Invest increases its holdings in ETFs with top holdings in Coinbase Global (NASDAQ:COIN), the company's bullish stance on Bitcoin could lead to a positive short-term impact on COIN's stock price. Coinbase, being a major cryptocurrency trading platform, would benefit from the increased interest and investment in Bitcoin.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Grayscale Bitcoin Trust (OTC:GBTC) could see a positive short-term impact due to Ark Invest's bullish predictions for Bitcoin, as it is a top ten holding in the Ark Next Generation Internet ETF.
Ark Invest's bullish predictions for Bitcoin could lead to a positive short-term impact on Grayscale Bitcoin Trust (OTC:GBTC), as it is a top ten holding in the Ark Next Generation Internet ETF. As a major Bitcoin investment vehicle, GBTC would benefit from the increased interest and investment in Bitcoin driven by Ark Invest's predictions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80