Crypto investment company Ark Invest founder, Cathie Wood, has dumped all of the firm’s holdings of PayPal and showed greater confidence in the long-term growth of the Cash App payment system which uses the Bitcoin Lightning Network.Wood explained her firm’s move at the Miami Bitcoin 2022 conference which wrapped up Read More
Cathie Wood repeated her positive view on bitcoin this week at the Bitcoin 2022 conference in Miami, Florida.
The Ark Invest chief executive forecasts the crypto will reach $1 million by 2030 in a presentation, Thursday.
“We believe bitcoin has only just begun,” she told CNBC. “Institutions are only now catching up Read More
The United States Securities and Exchange Commission, or SEC, has officially disapproved the application for the ARK 21Shares Bitcoin exchange-traded fund (ETF).In a Thursday filing, the SEC rejected a proposed rule change from the Chicago Board Options Exchange, or Cboe, BZX Exchange to list and trade shares of the ARK Read More
The move continues a recent string of denials by the SEC of applications for spot bitcoin ETFs.
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Investment firm ARK Invest has revealed its bullish outlook for bitcoin. It is not the first time that the company would be taking such a bullish stand on the digital asset. But it is the first time that it is putting the price of the cryptocurrency at such a high Read More
Ark Investment Management (Ark Invest) has predicted that the price of bitcoin could surpass $1 million per coin by 2030. “Our research suggests that bitcoin has the potential to transform monetary history by providing financial freedom and empowerment in a fair, global, and distributed way,” Ark’s analyst added.
Bitcoin’s $1 Million Read More
We recently highlighted ARK Invest’s big crypto take recently, released as part of their “Big Ideas 2022” report. The big idea that we covered was one of ARK’s most loud takes in the entire report, a modeling of bitcoin’s potential path to a $1M price per token by 2030.
However, there’s Read More
A new report from Cathy Woods’ ARK Invest forecasts Ethereum (ETH) will meet or even exceed a $20 trillion market cap within the next 10 years, which would equate to a price around $170,000 to $180,000 per ETH.The report also predicted big things for Bitcoin (BTC), saying it is “likely Read More
The U.S. Securities and Exchange Commission has extended its window to approve the ARK 21Shares Bitcoin exchange-traded fund (ETF) originally proposed in July 2021.According to a Tuesday filing from the SEC, the regulatory body will push the deadline for approving or disapproving the ARK 21Shares Bitcoin ETF from Feb. 2 Read More