TechFlow reports that Cathie Wood, founder and CEO of ARK Investment, said she believes bitcoin's price could one day reach $1 million, although it may take some time to get there. Wood noted that gold is an asset with a market capitalization of several trillion dollars, and she believes bitcoin will occupy an important position in the global market.
Wood pointed out that bitcoin plays a key role in emerging markets, serving as an insurance strategy for individuals and institutions to hedge against unstable currencies and fiscal policies. She believes bitcoin represents a new era in finance—the first global, digital, decentralized monetary system—and that this is a groundbreaking development.
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