@999eth
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📈 Cathie Wood Maintains $1.5 Million Bitcoin Forecast Despite Correction
This week, the crypto market recovered after four consecutive weeks of losses, marking a widely anticipated return for many investors.
Bitcoin's price reclaimed the psychological $90,000 level on Wednesday, offering some "relief" to holders of Bitcoin ETFs, as BTC traded above the critical flow-weighted cost basis of $89,600 for ETF buyers.
Bolstering market sentiment, Cathie Wood—CEO of ARK Invest—stated that the company's bullish case forecast for Bitcoin's price remains at $1.5 million, as investors prepare for a potential year-end market recovery driven by improved liquidity and more supportive US monetary policy following the end of the government shutdown.
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