ARK Invest CEO Cathie Wood Predicts Seven-Figure Bitcoin Valuation Amid Global Economic Volatility

One of the most influential figures in the cryptocurrency sector, ARK Invest CEO Cathie Wood, known for holding a substantial amount of Bitcoin (BTC), has reiterated her prediction that the leading cryptocurrency will reach seven-figure values. Still Eyeing the Million-Dollar Mark In an interview with Bloomberg, ARK Invest CEO Cathie Wood stated her certainty about the future of her $1 million prediction for Bitcoin. According to Wood, the current global economic environment ruling the markets increases confidence in the leading cryptocurrency: The more uncertainty and volatility in global economies, the more the daily trust in Bitcoin increases. One reason for this is our recent experience with inflationary fear. I believe this is largely supply chain-driven and Bitcoin is considered a hedge against inflation. Wood asserts a deflationary macroeconomic environment is on the horizon and Bitcoin will serve a purpose beyond acting as an inflation buffer. “We now believe the bigger […] The post ARK Invest CEO Cathie Wood Predicts Seven-Figure Bitcoin Valuation Amid Global Economic Volatility appeared first on COINTURK NEWS.