Bitcoin
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CEO of investment corporation ARK Invest, Cathy Wood, reiterated her belief in the potential growth of the flagship crypto asset in her recent interview with CNBC. According to the expert, despite the massive market crash in 2023, the Bitcoin network continued to work steadily.
Journalists asked Wood if she still stuck to her early prediction that Bitcoin could reach $500,000 by 2030. She responded positively, adding that the flagship crypto market could rise even more.
In the past, ARK Invest Corporation has purchased several million dollars worth of Bitcoin coins. It is also known that the corporation has invested heavily in the purchase of securities of the Coinbase exchange. Thus, Katie Wood and the fund controlled by her confirmed their faith in the development of the cryptocurrency industry.
On the eve of the next Fed meeting, bitcoin is showing local signs of uncertainty, but is still holding above the $23,000 mark. Over the past day, the asset has slightly added 0.015% in price.
Earlier, the editors of Crypto.ru said: experts from CoinGape evaluated network metrics and came to the conclusion that in the near future bitcoin could experience strong selling pressure. In particular, they drew attention to the dynamics of the market supply of stablecoins, which are considered an important component of overall liquidity in the digital asset industry.
Experts focused on the fact that a steady bullish trend was developing in 2020. This was largely due to a significant increase in the supply of stablecoins. Already in 2022, they significantly reduced, which became one of the main triggers for the global market decline. Now there is a similar situation, which means that soon bitcoin may face problems.
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