The Cryptocurrency market has been extremely fleeting lately. The world’s largest Cryptocurrency, Bitcoin (BTC), has witnessed several heights and lowness in recent days. After shopping for one was $ 83,976.85 just weeks ago, the king coin jumped to a high of $ 107,068.72. Although he was so close to his maximum time of $ 109,114.88, the availability failed to receive enough support. Bitcoin acted at $ 102 888.14 after a decrease of 0.50% over the past 24 hours. In the midst of this, Cathie Wood, CEO of Ark Invest, lost a hooked prediction for King Coin.
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Given the fleeting nature of the market, the above -mentioned prediction is not so surprising. She pointed out that several factors will add the foundation for King Coin. When more investors begin to see Cryptocurrencies as a store with wealth, Cathie Wood discusses the potential of the asset either to attract the gold market or take some of its market shares.
It should be noted that Wood’s Ark Invest has bought Bitcoin for a while now. Recently, the company earned $ 58 million in Bitcoin investments through its sheets 21Shares Bitcoin ETF. She emphasized the same thing and noted how institutional investments and Bitcoin adoption are still in their childhood. The potential increase in the same can drive the price of BTC, along with the entire market. She added,
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