ARK Investment Predicts $2.3 Million Bitcoin Price by 2024 Despite Volatility Worries
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Cathie Wood's ARK Investment Management estimates bitcoin could reach $2.3 million based on a 19.4% allocation of a $250 trillion global investable asset base.
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ARK made the bitcoin price estimate in its 2024 "Big Ideas" research report.
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ARK recently launched spot bitcoin ETFs approved by the SEC in January.
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Bitcoin prices are volatile, sparking worries about exposure for investors should prices crash.
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Bitcoin was trading around $43,177 on Friday morning.