By Richard Hines
The famous American investor, Cathy Wood, has made clear to the public her opinion on the predictions of Bitcoin price that have eroded the market. According to her, the price of bitcoin will most likely hit $1 million per piece by 2030. Cathy has shunned the negative information flying around the industry that the bitcoin price will remain as is or even crash further.
Bitcoin To Make A Stronger Comeback
In an interview, the founder and CEO of Ark Invest, Catherine Duddy Wood, expressed her views on the state and price of bitcoin in the future.
The American Investment expert has stated that she believes that the price of bitcoin will hit a whopping sum of $1 million per piece by 2030.
Notwithstanding the current deplorable state of the market, Catherine has mentioned that she has strong reasons to believe in her predictions. According to her, the current state of the market is a necessary phase in determining what is worthwhile.
She asserted that so far, Bitcoin has always managed to survive the struggling phases and will come out stronger. Catherine has however expressed concern over the crypto investors having cold feet.
According to her, investors need to rediscover their belief in both Bitcoin and Ethereum, and all will go smoothly.
Catherine went on to say that despite the big FTX collapse and the quite distasteful events and fallouts that have followed suit, her faith in the crypto industry still waxes stronger.
Investors Take Sides; Who Is Right?
Considering the quite pathetic state of the crypto industry, especially since the fall of the famous crypto exchange, FTX, a number of experts have expressed their opinions and concerns on the fate of Bitcoin.
A quite large number of these investors have come to the public to predict that the current bitcoin dip will last a really long time and that things will get even worse than they are now.
However, a number of investors, such as El Salvador Nayib Bukele, who despite the odds has gone on to acquire one bitcoin per day, have expressed their opinions that the price of bitcoin will bounce back soon and even better.
This situation confirms what we already knew: while investors are cautious to make any bitcoin purchase now, some who are ardent proponents of bitcoin have gone on to defy all odds and continue their purchases.
The question begging for an answer here is which side is right and which side has made an erroneous judgment. While an answer might not be readily available now, the clearest thing is that time will tell.