22 min listen
1073: ARK INVEST STANDS BY PREDICTION BITCOIN WILL TOP $1 MILLION PER COIN!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1073: ARK INVEST STANDS BY PREDICTION BITCOIN WILL TOP $1 MILLION PER COIN!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
37 minutes
Released:
Oct 14, 2022
Format:
Podcast episode
Description
Ark Investment Management analyst Yassine Elmandjra is standing by his firm’s prediction that the Bitcoin price will shoot past the million-dollar mark, despite this year’s massive crypto sell-off in the digital currency.
Cathie Wood, the fund manager behind Ark’s flagship innovation-themed ETFs, forecast earlier this year that the world’s largest cryptocurrency (BTC) would top $1 million per coin by 2030. Yet, coin holders and miners have been selling off Bitcoin en masse in 2022 as the Federal Reserve continues to aggressively tighten monetary policy, driving investors away from riskier asset classes, such as crypto.
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Cathie Wood, the fund manager behind Ark’s flagship innovation-themed ETFs, forecast earlier this year that the world’s largest cryptocurrency (BTC) would top $1 million per coin by 2030. Yet, coin holders and miners have been selling off Bitcoin en masse in 2022 as the Federal Reserve continues to aggressively tighten monetary policy, driving investors away from riskier asset classes, such as crypto.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Oct 14, 2022
Format:
Podcast episode
Titles in the series (100)
599: BITCOIN HITS STOCK-TO-FLOW REBOUND LEVEL NOT SEEN SINCE 2017 ATH!! CRYPTO TO TRANSFORM 4 INDUSTRIES!: Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. Both 2013 and 2017 ultimately saw a two-tier run to an all-time high. The first peak was followed by a significant drawdown in each instance,... by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News