TechFlow news — ARK Invest CEO Cathie Wood recently announced that Bitcoin could surpass the $1 million mark before the previously forecasted 2030 bullish timeline.
With ongoing developments and increasing interest in spot ETFs, Wood stated that ARK Invest now considers its original $1 million target for 2030 to be too conservative.
The firm has revised its outlook to a figure higher than its initial estimate, reflecting new expectations for institutional participation and potentially implying more than a doubling of Bitcoin's incremental price appreciation.
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