Ark Invest CEO Cathie Wood has a long-standing prediction that Bitcoin could reach $1 million by 2030. Recently, she has backed up her prediction, scooping up $19.9 million of crypto stock, Block.
In a conversation with Bloomberg in November 2022, Wood backed up her claims that Bitcoin could reach $1 million. She highlighted Bitcoin’s strong performance despite challenging market conditions and said institutions might be more comfortable buying once they learn what is actually going on with Bitcoin.
Laying a stake to the claims, Ark Invest has recently acquired $19.9 million of Block shares. ARK acquired 305,573 Block shares between 7-8 June amid Block trading at a discounted rate from its 2021 Q1-Q3 price.
Block, founded by former Twitter CEO Jack Dorsey and Jim McKelvey in 2009, is an American multinational technology conglomerate. It primarily provides payment services with a distinct interest in cryptocurrency and blockchain.
Ark’s latest purchase comes just days after purchasing $21.6 million of Coinbase’s share COIN. The purchase was made on 6 June, one day after COIN’s share price plummeted following the SEC’s allegations of Coinbase selling unregistered securities.
Cathie Wood is not the only high-profile individual to provide a $1 million Bitcoin price prediction. Entrepreneur and former Coinbase Chief Technical Officer Balaji Srinivasan also eyes the $1 million mark for Bitcoin.
Balaji issued a wager in March, predicting the collapse of the US economy and for Bitcoin to reach $1 million within 90 days. Although he has already closed his bet, losing $1 million in the process, Balaji remains optimistic that Bitcoin will eventually reach $1 million.
What Other Coins Are Analysts Bullish On?
Despite turbulent market conditions, some newer presale cryptocurrencies have enjoyed tremendous success.
Crypto analyst Jacob Bury recently highlighted the Wall Street Memes crypto presale to have 10X potential after recently raising $6 million in its presale. The project was also picked up by MyFinancialFriend recently, who called it the biggest new crypto coming to the market.
Another crypto which analysts are bullish on is AiDoge. Having recently completed its presale, the token is moving towards an exchange listing on 19 June, with a price pump upon launch expected.
Wall Street Memes Presale Hits $6.5m with Token Backed to be the Next Big Meme Coin
Wall Street Memes has proven immensely popular since its launch less than three weeks ago, with over $6.5m already raised. This is mainly because it was started by a brand with a thriving community of over one million social media followers.
$WSM is a meme coin inspired by the Wall Street Bets Reddit group and aims to “tokenise the movement”. Essentially, Wall Street Memes aims to enable the everyday investor to get rich off “useless meme coins”.
The exciting thing about Wall Street Memes is that its team has already launched a successful crypto project, showing they have the expertise to generate hype and raise capital.
In 2021, the Wall Street Memes team launched an NFT collection, Wall St Bulls, which sold out in just over 30 minutes, raising $2.5 million for the team. Today, the project has a total trading volume of 1,865 ETH.
The Wall Street Memes Twitter account has also received numerous engagements from Elon Musk. For a meme coin, this adds tremendous value since Musk played a significant role in Dogecoin’s multi-billion dollar valuation.
$WSM is currently available at $0.0283, with the price set to incrementally increase throughout its presale until its last round, which is priced at $0.0337.
Visit Wall Street Memes Presale
AiDoge IEO Imminent After $14.9m Presale
With total disregard for the bear market, AiDoge recently smashed its presale hard cap of $14,900,000 in just two months.
AiDoge was quickly popularised as the hottest presale since it is a meme coin which leverages AI technology to provide value to holders. Essentially, AiDoge is an AI-powered meme generation platform where users can create memes with simple text-based prompts.
The platform will save users time and enable them to create relevant, high-quality memes since the AI algorithm is trained on a vast dataset, including the latest crypto news.
Users require credits to create memes with AiDoge. They can purchase them directly with $Ai or stake $Ai and receive credits passively. Either way, platform users must buy $Ai, which could help boost its long-term price potential.
Although the presale is sold out, investors can still purchase the token for a fixed price on the AiDoge platform. The current price is $0.0000336, the same as its exchange listing price.
Other earlier presale meme coins like Tamadoge have exploded following their initial exchange offering (IEO), so AiDoge could have lots of potential following its launch.
Visit AiDoge Website
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Source: https://beincrypto.com/ark-invest-ceo-cathie-woods-bitcoin-price-prediction-is-1m-while-wsm-hits-6-5m/