5 Biggest Bitcoin Predictions in 2021

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1. Cathie Wood, CEO ARK Investment Management

Prediction: Bitcoin Will Reach $500,000    

Cathie Wood is the chief executive officer of ARK Investment Management, the New York-based hedge fund renowned for investments in technology-related growth stocks with explosive potential. Wood owns stakes in several crypto-related firms, including Tesla, Inc. (NASDAQ: TSLA), the California-based electric vehicle maker.

Cathie Wood ARK Investment Management

Cathie Wood of ARK Investment Management

Wood, who has hundreds of millions invested in crypto, has publicly bashed Tesla, Inc. (NASDAQ: TSLA) chief Elon Musk recently for caving in to institutional pressure and questioning the energy-usage of coin mining farms, sending crypto-related stocks on a free-fall in April that looks set to continue over this quarter. 

Wood made an appearance on Bloomberg TV in May to stress that Bitcoin would rise to $500,000 despite the recent fall in value. She highlighted that the adoption of solar energy in coin mining was accelerating dramatically and that Tesla, Inc. (NASDAQ: TSLA) chief Elon Musk would come back to be part of the crypto ecosystem soon. 

You can also take a peek at Billionaire Stan Druckenmiller’s Top 10 Stock Picks and Billionaire Julian Robertson On Interest Rates and His Top Stock Picks For 2021.

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