Cathie Wood ‘Very Bullish’ on Bitcoin as Crypto Stablecoins Hit $300 Billion — TradingView News
ARK Invest’s founder and CEO, Cathie Wood, reiterated her long-term optimism for Bitcoin in the November edition of In the Know podcast.
Despite recent market fluctuations, she confirmed that her $1 million price projection for Bitcoin remains unchanged.
Wood pointed to the rapid expansion of stablecoins, whose combined value has now exceeded $300 billion, as evidence of a major evolution within the digital asset sector.
She explained that while the rise of stablecoins could moderate Bitcoin’s short-term performance, their success reinforces the overall credibility and maturity of the crypto ecosystem.
Bitcoin vs. Gold: $1 million prediction
Comparing Bitcoin’s trajectory to that of gold, Wood remarked that the precious metal’s…
