Investing.com | Editor Hari G
Published Nov 21, 2023 05:18
In the face of evolving technology and innovation, Ark Investment Management’s Cathie Wood has recently articulated a strong conviction in Bitcoin’s potential as a deflationary buffer over the coming decade. Wood’s forecast not only underscores her firm’s optimistic stance on cryptocurrency but also predicts an extraordinary surge in Bitcoin’s value, potentially exceeding $1 million.
Wood’s vision for Bitcoin extends beyond its monetary value; she anticipates the integration of artificial intelligence (AI) with Bitcoin will enable a new frontier of global-scale micro-tasking. This synergy between AI and cryptocurrency is expected to create unprecedented opportunities and applications across various industries.
Ark Investment Management, led by Wood, is known for its focus on disruptive technologies and has been a vocal proponent of digital assets. The firm’s bullish outlook on cryptocurrencies like Bitcoin reflects a broader belief in their long-term viability amid rapid technological change.
In related news from Monday, PLAN, a financial entity regulated by Germany’s BaFin, announced strategic partnerships with BERENBERG Bank and U.S.-based Northern Trust (NASDAQ:NTRS) and Kraken Banks to bolster its international presence. PLAN’s “Trident Strategy” integrates expertly crafted trading strategies, AI-powered automated trading, and the Schutz Shield for asset protection. This combination aims to support a risk-free profit model while paving the way for PLAN’s goal to list on the London Stock Exchange by 2026 and establish a robust encrypted financial ecosystem worldwide.
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