Cathie Wood has reignited the long-running debate between Bitcoin and gold after raising her bullish Bitcoin forecast to as much as $1.5 million, drawing a sharp response from billionaire mining investor Frank Giustra.
Summary
- Cathie Wood reiterated a $730,000 base-case and $1.5 million bull-case Bitcoin target, arguing institutional adoption remains in its early stages.
- Gold advocate Frank Giustra rejected Wood’s forecast, saying Bitcoin will not reach $1 million and renewing the debate over Bitcoin versus gold as a store of value.
- Bitcoin traded near $67,000 after a sharp pullback from the $80,000 range, with ETF outflows, geopolitical tensions, and long liquidations…
