Condition for growth of Bitcoin above 500 thousand dollars

Founder and general director of the ARK Invest Katie Wood investment company called the condition in which the cost of the most popular cryptocurrency – Bitcoin – can grow up to 500 thousand dollars for the coin and higher. She told CNBC on this, recording an interview with her participation was published in twitter .

According to Wood, Bitcoin can strengthen more than 10 times over time if investors put about 5 percent of their funds into it.

To date, the largest Bitcoin holder among public companies is the MicroStrategy software developer, which has accumulated about 6 billion dollars in cryptocurrency. In second place – the manufacturer of TESLA electrocars, which owns about 2 billion dollars in Bitcoins.

Previously, director of the cryptocurrency platform Coinlist Graham Jenkin predicted the Bitcoin rate to 100 thousand dollars to the end of 2021. The head of the Foundation’s Investment Department in the ICB FUND Cryptoacive Market Aaron Homsky also believes that Bitcoin’s course can grow up to 100 thousand dollars to the end of 2021, but subject to the aggravation of inflation problems.

/Media reports.