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Cathie Wood Says Large Allocators May Be Taking First Bitcoin Positions

Wood separately put her Bitcoin base case closer to $750,000 per coin; the price outlook does not quantify allocator purchases.

By Sonny Jang
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A hand places a metal coin in the first empty slot / TokenPost.ai
A hand places a metal coin in the first empty slot / TokenPost.ai

ARK Invest founder and CEO Cathie Wood said large asset allocators are probably rebalancing gradually and may be taking their first positions in Bitcoin (BTC). She described possible activity without identifying purchases or providing allocation data.

Wood separately put her base case for Bitcoin closer to $750,000 per coin. That price outlook does not quantify allocator buying. Wood gave no purchase total or count of potential first-time buyers.

Sonny Jang

Reporter

Sonny Jang reports on people and leadership in digital assets for TokenPost. Send corrections or tips to info@tokenpost.com.

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