Cathie Wood Reaffirms $1.5M Bitcoin Target Despite Market Turbulence and Stablecoin Competition
ARK Invest CEO Cathie Wood has doubled down on her extraordinarily bullish long-term Bitcoin price forecast, maintaining the firm’s $1.5 million per-coin target for 2030 despite mounting headwinds and unexpected competition from rapidly expanding stablecoins. Speaking during ARK’s November webinar, Wood explained that while her firm has adjusted certain assumptions underlying its Bitcoin valuation model, the headline […]
Elon Musk’s SpaceX Moves Bitcoin to Unknown Addresses: What It Reveals About Institutional Crypto Strategy
SpaceX transferred 1,163 Bitcoin worth approximately $105.4 million to previously unknown wallet addresses on November 26, according to blockchain analytics firm Arkham Intelligence and tracking platform Lookonchain. The transfer represents the latest in a series of substantial Bitcoin movements by the aerospace company, creating waves of speculation about whether Elon Musk’s organization is preparing to sell holdings, […]
The Ban Didn’t Work: Bitcoin Mining in China Is Growing Again
Bitcoin mining is quietly staging a remarkable comeback in China, four years after the government issued a sweeping prohibition on all cryptocurrency mining and trading activities. According to data from Hashrate Index, which monitors global Bitcoin mining operations, China has reclaimed third position worldwide with approximately 14% of the global hashrate by the end of October—a […]
Larry Fink’s Bold Bitcoin Forecast: The Case for $700,000 Per Coin
BlackRock CEO Larry Fink has emerged as one of the most influential voices supporting Bitcoin’s long-term value proposition, projecting that the cryptocurrency could potentially reach $700,000 per coin if institutional adoption continues accelerating at its current pace. This remarkable forecast from the head of the world’s largest asset manager—a firm overseeing more than $11.5 trillion in assets—represents […]
