Our hearts skipped a beat waking up this Wednesday.
Nevertheless, there are still some firm Bitcoin believers who think the sky’s the limit. Cathie Wood, CEO of Ark Investment Management, said she believes Bitcoin will touch $500k. Wood remains hopeful despite the crypto’s recent plunge.
Cathie Wood thinks Bitcoin is ‘‘on sale’’ at the moment, but she’s sure this phase will end soon to welcome a new bullish wave.
During her interview, Wood also shared environmental concerns regarding mining— she’s optimistic that solar power adoption in mining will make cryptocurrency unstoppable.