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Macro Uncertainty To Fuel Fresh Bitcoin Surge: Cathie Wood

  • Ark Invest CEO Cathie Wood predicts a surge in Bitcoin adoption amid macroeconomic uncertainty.
  • Wood believes that Bitcoin serves as a hedge against inflation and that investors will turn to the cryptocurrency as volatility in global economies increases.
  • She projects a base case price of $600,000 and a bullish case of $1.5 million for Bitcoin by 2030.
  • Ark Invest has reshuffled its crypto stock holdings, including selling $36 million worth of Robinhood stock.

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