Per Cathie Wood, regulators will soon embrace BTC due to the fear of missing out.
While BTC is currently performing poorly, Wood believes it will soon rise as high as $500,000.00.
According to ARK, BTC mining can help drive the generation of more renewable electricity.
Renowned investor Cathie Wood has come out to reassure investors that Bitcoin will remain standing despite the current regulatory uproar. Wood, who is the founder of ARK Investment Management, shared her thoughts during the Coindesk Consensus 2021 conference. While China’s negative approach on crypto and increasing calls for more crypto scrutiny across Europe and the US continue rocking BTC’s price, Wood believes that regulators will not be able to make the largest crypto go away.
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