Cathie Wood of Ark Invest Sees More Institutional Investors Entering Bitcoin Market Amid Bank Crisis – Here's What You Need to Know
Ark Invest CEO Cathie Wood believes Bitcoin's rally amid the recent banking crisis will only “attract more institutions.” In a recent interview with Bloomberg, Wood said Bitcoin's price behavior through the crisis “is go...
In a recent interview with Bloomberg, Wood said Bitcoin's price behavior through the crisis “is going to attract more institutions.”
She claimed this could help build a bull case for the flagship cryptocurrency to surge to around $500,000, adding that during a banking crisis, liquidity dries out, which usually hurts assets. ...
Read More: Cathie Wood of Ark Invest Sees More Institutional Investors Entering Bitcoin Market Amid Bank Crisis – Here's What You Need to Know
Original source
Read on CryptonewsRelated market context
Japan Three Biggest Banks Unite to Launch Yen Crypto Stablecoin by March 2027
MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation have established a formal joint council to develop and co-issue a...
Bitcoin price challenges $64,000 weekend wall – needing a breakout or risk a deeper correction
Bitcoin reclaimed $64,000 on June 12 and touched an intraday high of $64,301 in the same session that spot ETF flows finally flipp...
Investors lose over $200M on American Bitcoin shares while Eric Trump’s stake holds at $70M
The disparity in losses highlights the risks retail investors face in celebrity-backed ventures, emphasizing the need for cautious...
Banks are buying Bitcoin vaults, but a quantum problem may be waiting inside
The banks are finally buying the vaults. In May, BNY, the world's largest custodian with $59.4 trillion in assets under custody an...
Cape Verde’s World Cup fairy tale sparks crypto speculation, but investors should tread carefully
Cape Verde's World Cup debut highlights the speculative risks in crypto markets, urging investors to discern between official and...
Michael Saylor says investor confidence in Ethereum has collapsed
Ethereum's declining investor confidence signals a shift towards Bitcoin dominance, emphasizing real-world utility over speculativ...