XRP price – Ark Invest CEO Makes a Bullish Reveal About Bitcoin’s Market Cap | Fintech Zoom

XRP price – Ark Invest CEO Makes a Bullish Reveal About Bitcoin’s Market Cap

CEO of asset management company Ark Invest, Cathie Wood, previses a favorable future for Bitcoin, citing its limited supply and increasing demands as major catalysts.

The American star stock picker mentions this in a video, stating, “if we add all the potential demand relative to the limited supply, we come up with incredible numbers over the long term”.

Going further, Wood predicts a significant increase in the current market cap of the digital asset, noting that the $1 trillion milestone is “nothing compared to where this ultimately will be.”

BTCUSD Chart By TradingView“The correlation of returns to other asset classes is extremely low. In fact, according to our analysis, the highest correlation is to real estate 0.34,” Wood adds. She points out that the low correlation of Bitcoin to other assets makes it an enticing investment choice as every asset allocator pursues non-correlated assets.

Speaking more on the asset correlation of Bitcoin, Wood states, “..we do believe this is the first new asset class, truly a new asset class since the 1600s. Since equities.”

For context, asset correlation refers to the degree to which two or more investments move in relation to each other. 

Wood’s prediction is significantly influenced by increasing demand for Bitcoin, evidenced in recent moves by major establishments in adding the digital asset to their balance sheets. 

Making reference to Tesla, MicroStrategy, and Square, she notes, “I think the most surprising development recently, and we didn’t expect it when we wrote our institutional report, is that …
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XRP price – Ark Invest CEO Makes a Bullish Reveal About Bitcoin’s Market Cap

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