488 Views

Noted investor and crypto advocate Cathie Wood remains bullish on bitcoin, saying it could soar another $500,000 as hedge funds and other institutional investors increase their allocation to the biggest digital currency.

“Institutions are moving in,” the Ark Investment Management CEO and CIO told CNBC Squawk Box. “To some extent, this is a new asset class with correlation very different compared to other asset classes.

“Institutional managers have to look at new asset classes that are evolving and that have low correlation. That’s the … Holy Grail in terms of asset allocation.”

The move by institutional investors into bitcoin could add $500,000 to its price, if they ultimately give it a 5% allocation, Wood said.

 

 

CryptoBuxx (www.CryptoBuxx.com) are a crypto gift certificate available in specific denominations of popular crypto coins such as Bitcoin, Ethereum, Cardano, Dogecoin, Shiba Inu and Tether. CryptoBuxx are offered in printed or digital form and can make giving the gift of crypto easy, even if the person does not already have a crypto wallet. For complete information and to purchase, go to www.CryptoBuxx.com.

CryptoBuxx is a new way to share your favorite crypto currency in the everyday world.

Join Us On Social Media

Our Mailing List

Subscribe to our email list to be updated when new Buxx are released or other exciting news. We promise not to sell your data!

Subscribe to our email list to be updated when new Buxx are released. We promise not to sell your data!

Our Contacts