1 Popular Cryptocurrency to Buy Before It Soars by 873%, According to Cathie Wood’s Ark Invest
Bitcoin (CRYPTO: BTC) fell to a 52-week low of $58,566 in July, which represented a 53% decline from last year’s all-time high of $124,773. It has since rallied back to $81,800 (as of this writing on Oct. 23), giving investors hope that a new bull cycle may be underway.
Ark Investment Management, founded by technology investor Cathie Wood, is very bullish about Bitcoin’s potential. It believes the cryptocurrency could amass a market capitalization of $16 trillion by 2030, which would translate to a price of $796,000 per coin.
That implies a whopping 873% upside from the current level, so should investors buy Bitcoin today?
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.