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Cathie Wood Predicts Bitcoin Could Reach $1.25 Million in Five Years
Ark Invest founder Cathie Wood has shared her price predictions for Bitcoin over the next five years. According to Odaily, Wood's base case scenario targets a price of $750,000, while her optimistic scenario suggests Bitcoin could reach $1.25 million.Wood identified several key factors driving Bitcoin's potential rise, including its role as an alternative to gold, its function as an 'insurance asset,' and ongoing institutional adoption.
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