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Cathy Woods Just Changed Her Bitcoin Target...Its Now $500,000 by rollandthomas

View this thread on: hive.blogpeakd.comecency.com
· @rollandthomas ·
$4.74
Cathy Woods Just Changed Her Bitcoin Target...Its Now $500,000
<center>![image.png](https://i.imgur.com/YwirXwH.png)</center>

Catherine thinks there will be millions and millions of electric cars on the road faster than people realize. “If you look at the investment itself, what’s going to make Tesla move is a three-year lead in chip technology, battery technology, and data collection,” Wood continues. “And there’s also the concept that is going to get it catapulted into the world: mobility as a service, which many companies are just starting to think about.”

In February of 2018 she went on CNBC and said she believes Tesla could hit $4000.  People thought she was crazy, now she is looking like a genius because she knew Tesla wasn't a car company, but instead a technology company.  Cathy stays to be successful, you need conviction in your ideas and must be proud of your work, even amid criticism.

Cathy also says people who want to succeed should think like a disrupter.  It's the reason why her flagship fund, ARK Innovation ETF (ARKK), invest in cutting-edge tech areas like DNA sequencing, robotics, artificial intelligence, energy storage and blockchain technology.

Speaking of blockchain technology, a couple of months ago, Cathy said bitcoin could be a $5 trillion market cap valuation.  That $5 trillion market cap valuation equated to a price target of about $250,000.  She feels bitcoin is early on its path to monetization, with substantial appreciation potential due to its network value continuing to scale.  

Cathy likes to spends her days thinking about events that haven't happened yet.


<blockquote>

Institutional investors are now ramping up their purchase of Bitcoins. ARK Investment's Catherine Wood suggested that if all institutions would assign even a mid-single-digit allocation to Bitcoin on their portfolio, its value would increase tremendously. "The cryptocurrency could rise to somewhere in the $400,000 to $500,000 range," she told news outlet Barron's during an online event.

Woods said institutions have been increasing their allocation of Bitcoin, and their numbers are increasing significantly. The ARK Investment CEO compared this movement to the early days when institutions first moved to real estate and emerging markets. "They started out with a half a percent allocation, then 1%, then 5%," she said. 

</blockquote>

<center><a href="https://www.ibtimes.com/bitcoin-price-prediction-btc-may-top-500000-ark-ceo-explains-why-3087280">Source</a></center>

<center>![image.png](https://i.imgur.com/qQINBn3.png)</center>

Cathy isn't the only one predicting a $500,000 Bitcoin price, the Winklevoss Twins, of Gemini think Bitcoin will hit $500,000 as well. 


This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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@aiovo ·
It's crazy but can be but I like these days market
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@chekohler ·
So shes jumping on the winkelvoss train now, 500k for 11 T market cap, fuckit at this point anything is possible and for that money I can kick my feet up and DE-FI myself well into early retirement and enjoy yummy yummy passive income 

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@rollandthomas ·
@chekohler, you and I both...yeah juicy passive income will be the sugar on the top in the future. 

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@gandhibaba ·
$500k is surely a tough call but it is frankly not impossible as we start ascending the hills of the bull market. 

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@helcim ·
When I read about millions of electric cars I can't help thinking about the fate of the children in the cobalt mines in Congo wasting their lives for ecological pleasure of the happy few.

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@juanmolina ·
The attributes of all currency (Crypto or Fiat) are:

1) Its role as a medium of exchange to exchange assets.
2) Act as a unit of account.
3) Its function as a Reserve of Value.

When BTC dominates these three aspects, it will undoubtedly be the universal currency and its value will no longer have limits because there will be no unit of measurement with which to compare it. In any case, all the other currencies that still exist will establish their value according to the BTC.

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@rollandthomas ·
All great points, I think we will see btc moon due to your #3 attribute. 

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@juanmolina ·
Well, these are basic concepts of economics.

I totally agree, *Its* #3 attribute is the stronger. Time will tell.
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@shortsegments ·
Interesting, I have read a few articles about her and watched some videos about her company. Her track record is very good, so I need to read more. I read a paper her organization wrote about Bitcoin years ago and she was pretty on the money.

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@rollandthomas ·
She and her team are amazing, I now value her view on the Markets after her Tesla call. 

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@taskmaster4450le ·
Cathie Wood uses a different approach of research and analysis at her firm.

She tends to drift into areas that others do not.  Her call on Tesla was ridiculed at first yet now is not too far off.

With all that is going in, BTC at $500K is not absurd.

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@rollandthomas ·
Yes, she is differently representing for the women in the investment world...I think her call on BTC is going to be just like her call on Tesla. 

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@tomlee ·
Sure, BTC will hit $500,000 as it has the potential but not very soon. It will take more time and investment to get there

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@rollandthomas ·
Within 5 yr is very reasonable due to the snowball pending inflation in the yrs to come. 

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@tomlee ·
I still doubt that such price target can be achieved in that space of time. All the same, anything is possible in this space

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