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  • A.R.T Digital Team

ARK Invest: bitcoin price can hit $2.3 million if allocation target reached


bitcoin

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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