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Bitcoin currently is trading for $67,036.12. Earlier in the week, Bitcoin flirted with its all-time high before sharply dropping 12% and has now rallied back. All of the volatility doesn’t mean much to Investor Cathie Wood, as she believes we are just getting started toward massive value for Bitcoin. In an interview with New Zealand Herald, Cathie explained how she believes Bitcoin is heading for a million plus in value relatively soon. With the Bitcoin halving happening soon, Cathie believes the price will skyrocket, purely on the fact that so many more people are participating in the halving this time around, as opposed to 4 years ago. Ultimately, Cathie believes that eventually the institutions will all have to adopt Bitcoin once they see how much of a risk-off asset the flagship crypto currency is, and when that happens, the governments will follow suit and that is when, as Cathie believes, Bitcoin will reach beyond 1 million per coin.
To watch the full interview:
https://www.youtube.com/watch?v=bDrdpl6epzw
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