Cathie Wood’s Ark Offers Game-Changing Bitcoin Forecast

Published by
The Street

By Dan Weil Bitcoin has slid 47% over the past year, but has rebounded 36% over the past month to $23,019. Famed investor Cathie Wood, chief executive of Ark Investment Management, has been a bitcoin evangelist for quite some time, and she’s not pulling back now. Ark sees huge gains for the world’s biggest digital currency by the end of the decade. Ark analysts cited several bullish factors in a research report. Bitcoin plunged 77% from its November 2021 peak of $69,000 to its November trough of $15,797. But, “despite severe drawdowns, bitcoin has outperformed every major asset class over long…

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