Cathie Wood's investment firm reported that if global investors opt for its "optimal allocation" to bitcoin, the market will surge.
The price of the world's largest cryptocurrency could skyrocket to a staggering $2.3 million if 19.4% of global institutional investment moved to the digital asset, Cathie Wood's ARK Invest speculated in a new report.
With the global investable asset base standing at $250 trillion, the "Big Ideas 2024" report from ARK indicated that investing 19.4% from that base would cause bitcoin's price to soar to staggering new heights.
Source - TheStreet Crypto
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