Cathie Wood Reiterates $500K Bitcoin Call, Reveals Ethereum Rebalancing

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	397,370,255,045	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

397,370,255,045

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	51.88	1.60%	3,303.99	3,303.98	3,303.99

Price Change

Price Change %

Current Price

Bid Price

Offer

51.88

1.60%

3,303.99

3,303.98

3,303.99

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,336.42	3,239.72	3,254.47	3,252.11	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,336.42

3,239.72

3,254.47

3,252.11

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:07:16	0.009539	3,303.99	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

11:07:16

0.009539

3,303.99

USD

Price x Volume	Volume	Base Symbol	Related Pairs
101,935,740.53	30,914.44	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

101,935,740.53

30,914.44

Cathie Wood Reiterates $500K Bitcoin Call, Reveals Ethereum Rebalancing

14/09/2021 3:38pm

NEWSBTC

Ark Invest’s chief executive officer and chief investment office Cathie Wood, is backing up her bold claim that Bitcoin will reach $500,000. In the same interview, Wood revealed her firm’s increasing confidence in Ethereum following the 2.0 update, along with potential plans to rebalance between the two top cryptocurrencies. Ark Invest’s Cathie Wood On Rebalancing Bitcoin And Ethereum Portfolio Ark Invest CEO Cathie Wood is an important figure in the crypto space, recently even joining Jack Dorsey and Elon Musk in the B-Word debate. As the chief investment officer of her firm, any calls she makes are especially notable. Related Reading | Ethereum “Accumulation” Nears Liftoff Phase: Could A Flippening Occur? In the past, she’s speculated that Bitcoin would reach $500,000. And at the recent SALT Conference, Wood reiterated the call to CNBC anchor Andrew Ross Sorkin. The prediction depends on institutions allocating just 5% of their total portfolios to Bitcoin. Should that occur, Wood believes “that the price will be tenfold of where it is today,” she said. “So instead of $45,000, over $500,000.” What $500K BTC looks like | Source: BLX on TradingView.com Wood said if she could choose only one cryptocurrency, it would default to Bitcoin, but then praised Ethereum for its recent growth. Related Reading | Return of Darth Maul: BTC Pumps And Dumps In 5% Shakeout “Our confidence in ether has gone up dramatically as we’ve seen the beginning of this transition from proof of work to proof of stake,” Wood said. However, the Ark CEO said that the firm would “probably do 60% bitcoin, 40% ether” in the future, keeping the portfolio’s focus on BTC. Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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