ARK Invest Pivots To Bitcoin As Cathie Wood Expects BTC Price To Explode
Summary
Cathie Wood, CEO of ARK Invest, predicts a significant surge in BTC price if the SEC approves Spot Bitcoin ETFs for institutional investors. She anticipates approval in January and believes it would prompt institutional asset allocation to BTC, driving up its price. Wood also emphasizes the need for SEC certainty before greenlighting the ETF.
