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Bitcoin will be worth $500,000 by 2026, Ark Invest CEO predicts

Cathie Wood, the CEO of Ark Invest, expects Bitcoin to climb to $500,000 in the next five years. The avid Bitcoin advocate voiced her bullish prediction during an interview with...
Bitcoin will be worth $500,000 by 2026, Ark Invest CEO predicts © Reuters. Bitcoin will be worth $500,000 by 2026, Ark Invest CEO predicts

Cathie Wood, the CEO of Ark Invest, expects Bitcoin to climb to $500,000 in the next five years.

The avid Bitcoin advocate voiced her bullish prediction during an interview with CNBC anchor Andrew Ross Sorkin at the SALT Conference in New York City on Monday. In response to a question about where she sees Bitcoin in the next five years, Wood said:

If we’re right and companies continue to diversify their cash into something like Bitcoin, and institutional investors start allocating 5% of their funds in Bitcoin [...] we believe the price will be ten-fold what it is today. Instead of $45,000 over $500,000.
Sorkin also quizzed Wood on her preferred digital asset. Interestingly, Bitcoin is still her go-to choice.

That is becoming a harder and harder question to answer […] I think I’d default still to Bitcoin because countries are now deeming it legal tender and we haven’t even put that into our thinking.
Meanwhile, a late filing on Friday revealed that the $5.7 billion ARK Next Generation Internet ETF (ARKW) modified its prospectus to include exposure to Bitcoin via Canadian ETFs.

Despite the bullish stance from US investors, firms seeking to launch crypto ETFs on US soil are eagerly waiting for the SEC to approve a product. VanEck and several others have submitted applications with the financial watchdog to launch Bitcoin and Ethereum ETFs. However, the SEC has continued to postpone its decision. As reported by BTC PEERS, last week the Commission postponed its decision on VanEck’s Bitcoin ETF to November 14, extending the original approval date by an additional 60 days.

The increase in ETF applications by large firms is a testament to a growing demand for Bitcoin exposure through traditional investment vehicles in the United States.

According to Bloomberg, ARKW already enjoys about a 5.5% exposure to Grayscale Bitcoin Trust (GBTC).

GBTC is one of the easiest ways for institutional investors to gain indirect exposure to Bitcoin. However, there is a six-month forced lockup period before shares can be redeemed. As a result, it normally trades at a major premium or a discount, which is why ARK sought exposure through other Canadian ETFs.

Continue reading on BTC Peers

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24-09-2021 15:43:08 (UTC+7)

EUR/USD

1.1733

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (10)

EUR/USD

1.1733

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (10)

GBP/USD

1.3708

-0.0008 (-0.06%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (8)

USD/JPY

110.42

+0.12 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

AUD/USD

0.7277

-0.0018 (-0.25%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

USD/CAD

1.2686

+0.0031 (+0.24%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

EUR/JPY

129.57

+0.12 (+0.09%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

EUR/CHF

1.0847

+0.0003 (+0.02%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (2)

Gold Futures

1,755.85

+6.05 (+0.35%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (3)

Silver Futures

22.688

+0.009 (+0.04%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (6)

Copper Futures

4.2260

-0.0050 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (4)

Crude Oil WTI Futures

73.44

+0.14 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Brent Oil Futures

77.56

+0.31 (+0.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Natural Gas Futures

5.066

+0.090 (+1.81%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

US Coffee C Futures

193.70

+2.72 (+1.42%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (7)

Euro Stoxx 50

4,162.75

-32.17 (-0.77%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (0)

S&P 500

4,448.98

+53.34 (+1.21%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

DAX

15,536.15

-107.82 (-0.69%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,057.45

-20.90 (-0.30%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Hang Seng

24,130.00

-380.98 (-1.55%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

2,259.80

+41.24 (+1.86%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

IBEX 35

8,860.50

-16.40 (-0.18%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

63.850

-0.070 (-0.11%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Bayer AG NA

46.44

-0.04 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (11)

Allianz SE VNA O.N.

192.78

+1.26 (+0.66%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (6)

Adidas AG

280.45

-8.53 (-2.95%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Deutsche Lufthansa AG

6.238

+0.037 (+0.60%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Siemens AG Class N

149.02

-1.20 (-0.80%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (1)

Deutsche Bank AG

10.721

+0.066 (+0.62%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

 EUR/USD1.1733↑ Sell
 GBP/USD1.3708↑ Sell
 USD/JPY110.42↑ Buy
 AUD/USD0.7277↑ Sell
 USD/CAD1.2686↑ Buy
 EUR/JPY129.57Buy
 EUR/CHF1.0847Neutral
 Gold1,755.85↑ Buy
 Silver22.688↑ Sell
 Copper4.2260↑ Sell
 Crude Oil WTI73.44↑ Buy
 Brent Oil77.56↑ Buy
 Natural Gas5.066↑ Buy
 US Coffee C193.70Neutral
 Euro Stoxx 504,162.75↑ Buy
 S&P 5004,448.98↑ Sell
 DAX15,536.15↑ Buy
 FTSE 1007,057.45↑ Buy
 Hang Seng24,130.00Buy
 Small Cap 20002,259.80↑ Sell
 IBEX 358,860.50↑ Buy
 BASF63.850↑ Buy
 Bayer46.44↑ Sell
 Allianz192.78Neutral
 Adidas280.45↑ Buy
 Lufthansa6.238↑ Buy
 Siemens AG149.02↑ Buy
 Deutsche Bank AG10.721↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,655/ 5,705
(-20/ -20) # 871
SJC HCM5,640/ 5,705
(-30/ -30) # 870
SJC Hanoi5,640/ 5,707
(-30/ -30) # 872
SJC Danang5,640/ 5,707
(-30/ -30) # 872
SJC Nhatrang5,640/ 5,707
(-30/ -30) # 872
SJC Cantho5,640/ 5,707
(-30/ -30) # 872
Cập nhật 24-09-2021 15:43:11
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ↀ Giá vàng thế giới
$1,755.56+9.750.56%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
ↂ Giá dầu thô thế giới
WTI$73.47-0.71-0.96%
Brent$77.60-1.06-1.37%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR26.044,7927.400,28
GBP30.430,7031.702,11
JPY200,85212,47
KRW16,7620,40
Cập nhật lúc 15:35:31 24/09/2021
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