"This CEO's prediction for BTC is really high, I can't believe it but it might be possible."
Cathie Wood, the Chief Executive Officer (CEO) of Ark Invest who has bought a number of Bitcoin (BTC) cryptocurrencies for a long time still believes that the price can jump higher in the coming year.
It is well known that Wood also invests in Coinbase shares and has said that BTC and Ethereum (ETH) are among the digital assets that best represent the decentralized and trustworthy elements.
According to Wood's recent statement, he is still confident in the potential of digital assets following the BTC and ETH networks running smoothly even though crypto exchange companies such as FTX, Celsius and Three Arrows capital (3AC) face a fall.
He added that some of the companies were found to have been destroyed due to their operating methods contrary to the decentralized idea.
Wood also stated that the price of BTC will break through $500,000 or higher, where previously he expected the digital asset to reach that figure by 2030.
Although BTC was previously in a fluctuating momentum, its price managed to break through the level of $24,236 after the Federal Reserve (Fed) of the United States (US) set an increase in interest rates by 25 basis points indicating a move to slow monetary policy for the beginning of 2023.
But now the price of BTC has decreased slightly at the level of $23,901 while ETH is at the zone of $1,671 in the last 24 hours.
