5 Biggest Cryptocurrency Predictions in 2021

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1. Cathie Wood, CEO ARK Investment Management

Prediction: Bitcoin Will Reach $500,000    

Cathie Wood is the CEO of ARK Investment Management and one of the most successful investors in the world. She has been consistently backing Bitcoin to succeed as the most popular cryptocurrency in the world, along with big firms like Tesla, Inc. (NASDAQ: TSLA), the California-based electric vehicle maker owned by billionaire Elon Musk.

Cathie Wood ARK Investment Management

Cathie Wood of ARK Investment Management

Earlier this year, Bitcoin value fell sharply after reaching a high of around $64,000 in April after Tesla, Inc. (NASDAQ: TSLA) suspended Bitcoin payments for sales and Musk voiced his disapproval of the energy intensive mining methods used by Bitcoin, sending stocks of many crypto firms, including those in which ARK has ownership, sliding to new lows.

Wood, whose hedge fund has a big stake in Tesla, Inc. (NASDAQ: TSLA), disagrees with Musk on the issue, and appeared on business news station Bloomberg TV in May to claim that Bitcoin would rise to $500,000 despite recent setbacks. Wood made the claim on the back of reports that the adoption of solar energy in coin mining was accelerating dramatically.

You can also take a peek at 10 Blue Chip Dividend Stocks Hedge Funds Are Buying and 14 Best European Dividend Stocks To Buy.

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