Cathie Wood Stands By Huge Bitcoin Price Predictions Despite Trimming Holdings
• Cathie Wood predicted in August 2022 that Bitcoin could reach $650,000 in 5-7 years and $1-1.5 million eventually
• Since her interview, Bitcoin has rallied 70% to over $44,000
• Wood believes Bitcoin is "digital gold" and foresees huge institutional demand driving up prices
• Her firm Ark Invest is seeking SEC approval for a Bitcoin ETF in collaboration with 21Shares
• Despite publicly backing Bitcoin, Ark Invest has reduced its Bitcoin trust holdings by over 700,000 shares in recent months