Posted 3/15/2024, 8:47:00 AM
Cathie Wood Forecasts $1 Million Bitcoin on Rising Adoption, But JPMorgan Warns of Price Drop
- Cathie Wood predicts Bitcoin will reach $1 million by 2030 due to increasing institutional investment
- Bitcoin ETFs like Ark's are seeing huge inflows, with over $500M daily
- Recommended portfolio allocation to Bitcoin is rising, with Ark suggesting 20%
- Upcoming Bitcoin "halving" event in April expected to drive price higher
- But JPMorgan is predicting end of "halving euphoria" and Bitcoin price falling to $42K
