According to Cathie Wood, the largest crypto investor in the world, the number one cryptocurrency may skyrocket to $500,000 or even higher. Investments in the asset are expected to be the main driver of the unprecedented rise.
Catherine Wood, chief executive officer of ARK Investment Management LLC, supposes that in 2022, bitcoin may surge to $500,000 if traders invest about 5% of their savings.
If this scenario comes true, the first cryptocurrency is likely to soar by more than 10 times, Cathie Wood emphasizes.
At the moment, Microstrategy, a global software developer, is the largest holder of digital coins among big companies. In the company’s account, there is around $6 billion in bitcoin. Tesla, a widely known producer of electric cars, is the second largest holder of bitcoin. The company has $2 billion in cryptocurrency.
Earlier, Graham Jenkin, co-founder and CEO at CoinList, predicted bitcoin’s appreciation up to $100,000 by the end of 2021. Aaron Chomsky, Head of Investment Department, ICB Fund, also supports the idea. He thinks that surging inflation could be the main reason for a jump in BTC.
