Ark Invest to split '60% Bitcoin, 40% Ether' as confidence in ETH grows 'dramatically'

Cointelegraph

Published Sep 14, 2021 11:42PM ET

Updated Sep 15, 2021 01:20AM ET

Cathie Wood, the CEO of Ark Investment, has doubled down on her prediction that the price of Bitcoin will grow by tenfold in the next five years, and said the growth of DeFi, NFTs and the Eth2 upgrade has massively increased Ark’s confidence in Ether’s future.

Wood’s prediction would value Bitcoin at almost $500,000 by 2026. She said that Ark Investment’s future exposure to crypto was likely to be around 60% Bitcoin and 40% Ethereum.

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