Cathie Wood, the boss of Ark Invest a company specializing in investment management has described reason her team has become assured, in bitcoin future to reach a price of $1.5 million.
She spotlighted that Bitcoin proved its worth as a haven throughout the regional financial institution crisis and envision it as an insurance policy that everyone will really want and have. Recently Ark Investment team (Ark Invest) has grew really serious about the possibility of bitcoin reaching above $1.4 million.
Various individuals, including Robert Kiyosaki, the author of “Rich Dad Poor Dad ” have warned about the likelihood of more financial services crippling. A leading Economist, Peter Schiff, goes further by claiming that all financial institution will collapse as the crisis get worse which may lead to losses for users.
Cathie Wood stressed that bitcoin work for as a security against two importance. Firstly it acts as protection opposed to riches seizure through various means or inflationary measures. Secondly it provides safeguard features in opposition to counterparty risk in an economy.
