1307: “The Uncertainty And Volatility Will Send Bitcoin to $1.5 Million" - Cathie Wood

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3.6 • 626 Ratings

🗓️ 9 June 2023

⏱️ 26 minutes

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Summary

In an interview with Bloomberg on Thursday, Ark Invest CEO and Crypto Bull Cathie Wood indicated that the “uncertainty and volatility” in the global economic landscape has actually increased her thesis of Bitcoin being an “antidote” to inflation and counterparty risks. Wood has, in fact, reiterated her prediction that the OG digital asset (BTC) will still hit a lofty price target of $1 million+ by 2030. She now thinks Bitcoin could skyrocket to $1.48 million per coin by 2030. Given that Bitcoin has a fixed coin supply of 21 million BTC, a target price of $1.48 million implies a total market capitalization of $31 trillion. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:21.4	body confidence-building exercises, go to dove.com forward slash Y2K. That's Y2K, spelled W-H-Y2K.
0:29.8	In today's show, we'll be discussing Bitcoin price can gain 60% hitting $40,000 if this
0:36.3	textbook chart pattern confirms. I've been breaking down the
0:39.3	latest technical analysis, and quoting Max Kaiser, Bitcoin price is meaningless. It's all about
0:44.1	the hash rate for the only perfect money, and hash rate hits yet another all-time high.
0:49.9	Also in today's show, U.S. House Committee releases a new stable coin bill draft.
0:54.5	That's right.
0:55.1	It can become the first example of crypto legislation in the United States.
0:59.2	Also, breaking news.
1:00.5	Finance U.S. suspends U.S.D deposits and warns a fiat withdrawal pause.
1:05.1	And doesn't stop there.
1:06.1	Also, crypto.com suspends U.S. institutional exchange service.
1:09.7	So another reminder, if you got your crypto on
1:11.6	the exchanges, remove it ASAP. Also, Gary Gensler says the crypto market is like the 1920
1:17.0	stock market full of fraudsters. In fact, he says crypto is all hucksters, fraudsters, and scam
1:23.9	artists. Also in today's show, bring on the uncertainty. Reckins our invest CEO,
	...

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