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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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28-09-2021 01:52:10 (UTC+7)

EUR/USD

1.1705

-0.0009 (-0.08%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (1)

EUR/USD

1.1705

-0.0009 (-0.08%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (1)

GBP/USD

1.3714

+0.0032 (+0.23%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

USD/JPY

110.96

+0.24 (+0.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

AUD/USD

0.7289

+0.0031 (+0.42%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (5)

USD/CAD

1.2617

-0.0035 (-0.28%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (3)

EUR/JPY

129.88

+0.17 (+0.13%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

1.0833

+0.0010 (+0.10%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (2)

Gold Futures

1,751.20

-0.50 (-0.03%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (1)

Silver Futures

22.672

+0.247 (+1.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Copper Futures

4.2845

-0.0010 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (8)

Crude Oil WTI Futures

75.27

+1.29 (+1.74%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

Brent Oil Futures

78.49

+1.26 (+1.63%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

Natural Gas Futures

5.700

+0.500 (+9.62%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (5)

US Coffee C Futures

194.98

+0.63 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

Euro Stoxx 50

4,165.48

+6.97 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,450.00

-5.48 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

DAX

15,573.88

+42.13 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

FTSE 100

7,063.40

+11.92 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Hang Seng

24,208.78

+16.62 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,294.05

+40.17 (+1.78%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (9)

IBEX 35

9,002.90

+129.80 (+1.46%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

BASF SE NA O.N.

64.740

+1.040 (+1.63%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (5)

Bayer AG NA

47.47

+0.99 (+2.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Allianz SE VNA O.N.

196.19

+3.85 (+2.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Adidas AG

278.80

-2.77 (-0.98%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Deutsche Lufthansa AG

6.561

+0.328 (+5.26%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (2)

Siemens AG Class N

147.27

-0.84 (-0.57%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

Deutsche Bank AG

11.120

+0.285 (+2.63%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

 EUR/USD1.1705↑ Buy
 GBP/USD1.3714Neutral
 USD/JPY110.96↑ Sell
 AUD/USD0.7289↑ Sell
 USD/CAD1.2617Neutral
 EUR/JPY129.88↑ Sell
 EUR/CHF1.0833Neutral
 Gold1,751.20Neutral
 Silver22.672↑ Sell
 Copper4.2845↑ Sell
 Crude Oil WTI75.27↑ Sell
 Brent Oil78.49↑ Sell
 Natural Gas5.700Neutral
 US Coffee C194.98↑ Buy
 Euro Stoxx 504,165.48↑ Sell
 S&P 5004,450.00↑ Sell
 DAX15,573.88↑ Sell
 FTSE 1007,063.40↑ Sell
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,294.05↑ Sell
 IBEX 359,002.90Buy
 BASF64.740↑ Sell
 Bayer47.47↑ Buy
 Allianz196.19↑ Buy
 Adidas278.80↑ Sell
 Lufthansa6.561↑ Buy
 Siemens AG147.27↑ Sell
 Deutsche Bank AG11.120↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(0/ 0) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 28-09-2021 01:52:12
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ↀ Giá vàng thế giới
$1,751.11+1.620.09%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI$75.14-0.45-0.60%
Brent$78.50-0.49-0.63%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
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