Cathie Wood: Bitcoin Will 50X (BIG INVESTMENT OPPORTUNITY) ARK Invest | Binance | Altcoins | BTC

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While the market remains in a state of heightened volatility, ARK is here for you. Join ARK’s CEO & CIO, Cathie Wood, as she provides a short review during this period of uncertainty related to the coronavirus (COVID-19) pandemic. Stay Healthy. Stay Innovative.

Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that had wiped $500 billion from the coin’s peak market value at one point.

The head of Ark Investment Management said in an interview on Bloomberg TV that she still expects the cryptocurrency to reach a price of $500,000. She noted that as highly volatile sectors in the stock market are selling off amid inflation fears, Bitcoin is dropping as well. It last traded just below $38,000.

“We go through soul searching times like this and scrape the models, and yes our conviction is just as high,” she said.

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