Cathie Wood is the founder and chief executive officer of Ark Invest, an asset management company focused on disruptive technologies like blockchain and cryptocurrency. Wood and her team are optimistic about the decentralized finance market, in general, but they’re especially bullish on Bitcoin (BTC 0.14%).
Ark published a Bitcoin valuation model earlier this year that outlined three price trajectories the digital currency could follow through the end of the decade. The bull case prices Bitcoin at $1.48 million (per coin) in 2030, implying more than 3,400% upside from its price of about $42,000 at the time this article was written.
Here’s what investors should know.
The investment thesis for Bitcoin
The investment thesis for Bitcoin is based on good old-fashioned supply and demand. Its source code limits supply to 21 million coins, and that scarcity is partially responsible for its value. Gold and other finite assets have value…
