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19 September 2021

Ark Invest CEO Cathie Wood Predicts $500,000 Bitcoin Price By 2026

Ark Invest CEO Cathie Wood Predicts $500,000 Bitcoin Price By 2026


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Ark Invest CEO Cathie Wood said she expects Bitcoin to soar to $500,000 in five years time during an interview at the SALT Conference on Monday.

Notably VanEck, Invesco, Goldman Sachs, Grayscale Bitcoin Trust and Viridi Funds have all recently filed for or begun to offer investment vehicles tied to Bitcoin ETFs.

Although the sixth month forced lockup period before shares can be redeemed causes the trust to divorce from the Bitcoin price and as a result it normally trades at a major premium or a discount, which explains why ARK would seek exposure through other Canadian ETFs.

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