893: ARK INVEST’S CATHIE WOOD PREDICTS $700K BITCOIN, SAYS BTC PART OF A WAVE OF DISRUPTIVE INNOVATION!!

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3.6 • 626 Ratings

🗓️ 6 April 2022

⏱️ 20 minutes

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Summary

ARK Invest founder Cathie Wood says she views Bitcoin as a “disruptive innovation” in line with corporate giants like Amazon, Apple and Tesla and explains how she gets a BTC price prediction of $700,000 per coin. "We think emerging markets are a huge use case here," Wood said. "That use case alone will account for $100,000 to $200,000" of an increase in the price of Bitcoin. Now let's do the math. The current Bitcoin price of about $60,000 is the base. Wood sees institutional investors adding $500,000 to that and emerging market adoption adding $100,000 to $200,000 more. So Wood's five-year Bitcoin price target is actually a range between $660,000 and $760,000, with $700,000 falling just below the middle of the range. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Your Starbucks is ready.
0:03.5	Beans ground.
0:04.9	Milk frothed.
0:06.2	Shots pulled.
0:07.6	Velvety milk poured into a double shot of dark perfection and...
0:11.0	Oh, that's the good stuff.
0:14.0	The baristas are ready.
0:15.5	The finest coffee beans are ready.
0:17.5	The Starbucks you love is ready.
0:20.6	Hello again. From the Starbucks coffee company.
0:27.5	In today's show, the Terra Luna Foundation Guard outdoes micro strategy with 5,000 Bitcoin
0:34.9	buy after the Bitcoin price dip under $45,000, as Duquan announces here,
0:40.3	today I watered my plants, wrote some emails, bought $230 million in BTC, vacuumed the house,
0:47.4	has some McDonald's, now off to walk the dog.
0:50.2	And as shared here by the OnChane College, the number of addresses with at least one Bitcoin,
0:54.1	has made a new all-time high of 833,2,242 addresses.
0:59.2	This metric has been rapidly increasing since the beginning of February 2022.
1:03.6	And quoting Miami Mayor Francis Suarez, the next president of the United States has to be a pro
1:08.0	Bitcoin candidate.
1:09.5	I agree.
1:10.2	And speaking of Miami, the Bitcoin
1:11.7	2020 conference is going down, kicking off today. Right when I walk through the airport,
	...

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