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 a significant upside for Bitcoin, with price targets eventually raised to $1 million by 2030. Despite the bankruptcy and collapse of several major cryptocurrency companies, Wood remains optimistic about the future of digital assets. Ark Funds have increased their holdings in many of their ETFs, including ARKK, ARKW, and ARKF, to coincide with this thesis. Coinbase Global (NASDAQ:COIN) is among the top ten holdings in these ETFs. The Grayscale Bitcoin Trust (OTC:GBTC) is also the second largest holding in the Ark Next Generation Internet ETF.
July 08, 2023 | 3:34 pm
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POSITIVE IMPACT
Ark Fintech Innovation ETF has increased its holdings in Bitcoin and Coinbase Global, indicating a bullish stance on these assets.
The increase in holdings in Bitcoin and Coinbase Global by ARKF indicates a bullish stance on these assets. This could potentially lead to an increase in the ETF's value if Bitcoin's price increases as predicted.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Innovation ETF has increased its holdings in Bitcoin and Coinbase Global, indicating a bullish stance on these assets.
The increase in holdings in Bitcoin and Coinbase Global by ARKK indicates a bullish stance on these assets. This could potentially lead to an increase in the ETF's value if Bitcoin's price increases as predicted.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Next Generation Internet ETF has increased its holdings in Bitcoin and Coinbase Global, indicating a bullish stance on these assets.
The increase in holdings in Bitcoin and Coinbase Global by ARKW indicates a bullish stance on these assets. This could potentially lead to an increase in the ETF's value if Bitcoin's price increases as predicted.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coinbase Global is among the top ten holdings in ARKK, ARKW, and ARKF, indicating a bullish stance on this asset.
The inclusion of Coinbase Global in the top ten holdings of ARKK, ARKW, and ARKF indicates a bullish stance on this asset. This could potentially lead to an increase in the stock's value if Bitcoin's price increases as predicted.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Grayscale Bitcoin Trust is the second largest holding in the Ark Next Generation Internet ETF, indicating a bullish stance on this asset.
The inclusion of the Grayscale Bitcoin Trust as the second largest holding in ARKW indicates a bullish stance on this asset. This could potentially lead to an increase in the trust's value if Bitcoin's price increases as predicted.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80