Wish I had the money to buy BT_老虎社区_美港股上老虎

Carr
2021-02-10

Wish I had the money to buy BTC

Ark's Cathie Wood explains how bitcoin could increase by $400,000

Even before Tesla (TSLA) surprised the crypto markets with news of its $1.5 billion bitcoin (BTC-USD

Ark's Cathie Wood explains how bitcoin could increase by $400,000

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And I think that's a little crazy, because I think the regulators will have something to say about this,” Wood said. “But, then you saw Square put 1% of all of its assets in Bitcoin and I think you're going to see more of that.”</p><p>Tesla’s recent bitcoin investment amounts to about 8% of the company’s cash reserves.</p><p>Wood’s call for bitcoin to go higher this year has already been proven right. BTC hit an all time high of nearly $48,000 on Tuesday.</p><p>“Bitcoin is only [at] roughly a $600 billion market cap,” Wood says. “So even half the size of Apple or Amazon, right now. Doesn't that put it into perspective? And yet, it is a very big idea, I think. 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If those companies moved 10% of their cash to bitcoin, Ark sees the cryptocurrency climbing by $400,000.Ark Invest: Big Ideas 2021Speaking to Yahoo Finance Presents shortly before Tesla became the first non-fintech Fortune 100 company to load up on bitcoin, Wood called Square (SQ) and MicroStrategy’s (MSTR) earlier bitcoin moves bullish for crypto and a roadmap for public companies to deploy bitcoin as a legitimate alternative to cash.“What surprised me and us generally was to watch MicroStrategy — which has put... all the cash on its balance sheet into bitcoin — even did another equity offering so it could put more cash on its balance sheet. And I think that's a little crazy, because I think the regulators will have something to say about this,” Wood said. “But, then you saw Square put 1% of all of its assets in Bitcoin and I think you're going to see more of that.”Tesla’s recent bitcoin investment amounts to about 8% of the company’s cash reserves.Wood’s call for bitcoin to go higher this year has already been proven right. BTC hit an all time high of nearly $48,000 on Tuesday.“Bitcoin is only [at] roughly a $600 billion market cap,” Wood says. “So even half the size of Apple or Amazon, right now. Doesn't that put it into perspective? And yet, it is a very big idea, I think. 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