1 Top Cryptocurrency to Buy Before It Soars 2,377%, According to Cathie Wood of Ark Invest

Motley Fool10-13

Bitcoin could reach $1.5 million per coin by 2030, according to Cathie Wood. Institutional involvement will be a big catalyst, as increased allocations in the cryptocurrency could drive its ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2475426908?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F793756%2Fgettyimages-1165801078-600x400-bf06395.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-10-13 22:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2475426908","market":"fut","top_or_hot":-1,"title":"1 Top Cryptocurrency to Buy Before It Soars 2,377%, According to Cathie Wood of Ark Invest","media":"Motley Fool","content":"<div>\n<p>Bitcoin could reach $1.5 million per coin by 2030, according to Cathie Wood.\n\n\n\n\n\n\n\nInstitutional involvement will be a big catalyst, as increased allocations in the cryptocurrency could drive its ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/10/13/1-top-cryptocurrency-to-buy-before-it-soars-2377/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>1 Top Cryptocurrency to Buy Before It Soars 2,377%, According to Cathie Wood of Ark Invest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n1 Top Cryptocurrency to Buy Before It Soars 2,377%, According to Cathie Wood of Ark Invest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-13 22:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/10/13/1-top-cryptocurrency-to-buy-before-it-soars-2377/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin could reach $1.5 million per coin by 2030, according to Cathie Wood.\n\n\n\n\n\n\n\nInstitutional involvement will be a big catalyst, as increased allocations in the cryptocurrency could drive its ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/10/13/1-top-cryptocurrency-to-buy-before-it-soars-2377/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4594","symbol_name":"比特币ETF概念","start_time":0,"source_url":"https://www.fool.com/investing/2024/10/13/1-top-cryptocurrency-to-buy-before-it-soars-2377/","article_id":"2475426908","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F793756%2Fgettyimages-1165801078-600x400-bf06395.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475426908","pubTimestamp":1728829380,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Cathie Wood isn't one to shy away from controversial predictions like this Bitcoin target.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4594":"比特币ETF概念","TSLA":"特斯拉","BK4588":"碎股","ARKK":"ARK Innovation ETF","COIN":"Coinbase Global, Inc.","BK4585":"ETF&股票定投概念"},"translate_title":"Ark Invest的Cathie Wood表示，在飙升2,377%之前最值得买入的1种加密货币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKK":1,"COIN":1,"TSLA":0.7},"content_text":"Bitcoin could reach $1.5 million per coin by 2030, according to Cathie Wood.\n\n\n\n\n\n\n\nInstitutional involvement will be a big catalyst, as increased allocations in the cryptocurrency could drive its price significantly higher.\n\n\n\n\n\n\n\nBitcoin is called \"digital gold\" due to its limited supply, the difficulty of mining it, and its function as a store of value in times of uncertainty.\n\nCathie Wood isn't known for playing things safe. As the maverick head of Ark Invest and pioneer of thematic investing, she's used to making big bets -- and even bigger claims. She continues to be a huge advocate of Tesla, standing by the struggling electric vehicle maker with the belief that it will capture $5 trillion of a future $10 trillion robotaxi market. She is also a staunch advocate of cryptocurrencies and a big believer in Bitcoin (BTC -1.01%), the granddaddy of them all. Her prediction here? By 2030, Bitcoin will reach $1.5 million a coin, a nearly 2,400% return from today's price. She went even further more recently, saying that if institutional investors allocate 5% of their funds to Bitcoin, it would add $2.3 million to her prediction for a total of $3.8 million per coin. What leads her to believe this?Institutions will make all the difference for BitcoinBitcoin is no longer the wild West of investing. It is still a volatile asset, that's for sure, but the market is very different from just a decade ago. In the last few years, there has been a massive influx of institutional money, and with that capital has come more stability. Wood herself helped spur the change.Although a few institutions have been in the market for some time, many more have gotten involved since Wood helped lobby the Securities and Exchange Commission to approve spot Bitcoin exchange-traded funds (ETFs). The first batch of 11 such ETfs was approved in January of this year. This was a big moment for the industry, as these ETFs provide a much easier way for investors large and small to access Bitcoin. Many brokerages that don't provide cryptocurrency trades will gladly support the trading of spot Bitcoin ETFs.Wood believes that as people start thinking of Bitcoin not as a risky, volatile asset but as a stable and even safe one, institutional investors will shift even more of their portfolios into this cryptocurrency.Right now, most of the largest financial institutions have less than 1% of their portfolios in \"digital assets\" and 16% have less than 0.1% (0 wasn't an option in the survey). Still, adoption is continuing. A modest exposure by institutional investors, say 1% or 2%, would still boost Bitcoin's price significantly, especially if some of her other catalysts come to pass.Adoption as digital goldThis evolving image from speculative asset to something more stable has led some to refer to Bitcoin as \"digital gold.\" It is scarce, it takes work to \"mine,\" and its supply is finite. Taken together, all of that means that it has a tendency to appreciate in value over time.These qualities and more led Larry Fink, one of the most influential and powerful investors in the world, to call Bitcoin a \"legitimate financial instrument.\" He believes it is an excellent asset if you \"believe governments are debasing their currency.\" Unlike gold, however, Bitcoin is portable and easy to store. Do you know how difficult it is to send $10,000 in gold bars to someone across the country? With Bitcoin, it can be done in seconds. The value of all the gold in Fort Knox can be stored on a flash drive.As more and more people begin seeing Bitcoin as digital gold, it could spur a massive influx of money, especially in times of economic turbulence. Wood points to other catalysts, like its use as currency in countries with runaway inflation, by governments as a store of wealth, as a remittance asset for cross-border payments, and as a cash equivalent by corporations. It's clear there are many ways Bitcoin can appreciate in value; the question is how much it will appreciate. I think that Wood's target of $1.5 million and bull case of $3.8 million are pretty unlikely by 2030, but she definitely makes an interesting case. I believe Bitcoin will handily outperform the market over the next five years and is a great part of a diversified portfolio for those with high risk tolerance.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2475426908"}