Cathie Wood’s latest prediction: Bitcoin could hit $3.8 million

JinSe Finance reported that Cathie Wood said at the Bitcoin Investor Day conference in New York on Friday that under a bull market scenario, the price of Bitcoin could reach US$3.8 million, which is more than US$2 million higher than her previous prediction. Wood said that last year we predicted that Bitcoin would reach $1.5 million under a bull market scenario. The SEC gave institutions the green light, albeit with real reluctance, but the analysis we've done is that over time, if institutional investors allocate a little over 5% of their portfolios to Bitcoin, as we think That alone would add $2.3 million to the forecast I just gave you. Wood also said she expects the upcoming “halving” to have a similar impact to previous events.