Corporate buy-ins could take Bitcoin price over $500K — report
With appetites for BTC allocations firmly present, calculations suggest that even small buy-ins would have a dramatic effect on price action. Bitcoin (BTC) could fetch at least a $535,000 price tag if corporate buyers convert 10% of their cash reserves to the largest cryptocurrency.In one of the various conclusions from its latest report, "Bitcoin: Preparing for Institutions," investment firm Ark Invest said that even a 1% allocation from S&P 500 companies would be enough to increase BTC/USD spot prices by $40,000.Minimum corporate BTC allocation: 2.55%The findings come as institutional....
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The CEO of Ark Investment Management (Ark Invest), Cathie Wood, still predicts that the price of bitcoin will be $500K. She says that all indicators “are all suggesting that we are in a capitulation phase, which is a really great time to buy, no matter what the asset is.” Ark Sees Bitcoin Reaching $500K Ark Invest CEO Cathie Wood has shared her view about the current bitcoin market and her prediction of where the price of the cryptocurrency will rise to in an interview with Bloomberg Wednesday. Wood has previously predicted that the price of bitcoin will increase to $500K. With....
A new report from Ovum has found that 75 percent of corporate treasures in Africa and Latin America are interested in the solutions that blockchain can deliver to banks. Developed in partnership with Temenos, a Swiss financial services software specialist, the report, Understanding Today’s Corporate Treasurer: The Implications for Corporate Banking Services [PDF], looked at how the priorities and attitudes of today’s corporate treasurer across four main areas of responsibility are changing. These are cash and liquidity management, forecasting and analytics, risk and compliance, and cost....
Ark Invest CEO Cathie Wood has always been bullish on Bitcoin. The CEO has previously stated that she expected the price of the digital asset to 10X from 2021 prices. Putting it at least at $500K in the next five years. Wood has made the prediction earlier in the year. And has now reiterated this […]
Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today. She also shared her view on cryptocurrency regulation and Coinbase’s trouble with the U.S. Securities and Exchange Commission (SEC).
Cathie Wood’s Ark Invest Predicts $500K Bitcoin
Cathie Wood, the CEO of Ark Investment Management (Ark Invest), discussed bitcoin and crypto regulation in an interview at the SALT conference Monday. Wood is also the firm’s founder and CIO.
She was asked....
The blockchain could dramatically change corporate governance by reducing legal insider trading and making shareholder voting more reliable, according to a new report published by the National Bureau of Economic Research (NBER). Authored by New York University (NYU) professor David Yermack, the second working paper by the US non-profit explores how the widespread adoption of distributed ledgers could impact investors, shareholders, auditors and other participants in corporate governance. Citing recent proofs-of-concept at major stock exchanges, the NBER paper explores a future where....