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.