Cathie Wood of Ark Invest predicts Tesla capturing robotaxi market and Bitcoin reaching $1.5 million.

From Nasdaq: 2024-10-13 10:23:00

Cathie Wood of Ark Invest remains a strong supporter of Tesla and Bitcoin, predicting Tesla will capture $5 trillion of a $10 trillion robotaxi market, and Bitcoin will reach $1.5 million by 2030. Wood believes institutional investors will play a crucial role in Bitcoin’s price appreciation, with ETF approval driving more mainstream adoption.

Bitcoin’s evolution into a more stable asset has led to comparisons to “digital gold,” with influential investors like Larry Fink endorsing it as a legitimate financial instrument. Its portability and finite supply make it an attractive option for those wary of currency devaluation. Wood sees multiple catalysts driving Bitcoin’s value, from inflation hedging to remittance asset.

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Read more at Nasdaq: 1 Top Cryptocurrency to Buy Before It Soars 2,377%, According to Cathie Wood of Ark Invest