400: BITCOIN MAY TOP $500K SAYS ARK INVEST CEO CATHERINE WOOD!! 5 THINGS TO WATCH IN BTC THIS WEEK!

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - November 23, 2020 15:25 - 22 minutes - 11.2 MB - ★★★★ - 537 ratings
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With Bitcoin nearly touching $19,000 in the last few days, many analysts are of the opinion that BTC still has room to grow to as much as $500,000.

Institutional investors are now ramping up their purchase of Bitcoins.

ARK Invest CEO Catherine Wood suggested that if all institutions would assign even a mid-single-digit allocation to Bitcoin on their portfolio, its value would increase tremendously.

"The cryptocurrency could rise to somewhere in the $400,000 to $500,000 range," she told news outlet Barron's during an online event.

Woods said institutions have been increasing their allocation of Bitcoin, and their numbers are increasing significantly.

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