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Canadian billionaire criticizes Cathie Wood's Bitcoin price forecast

CoinNetwork
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CryptoWorld Network news: Canadian mining tycoon Frank Giustra criticized ARK Invest CEO Cathie Wood’s Bitcoin price prediction, saying her market remarks were “embarrassing.” This confrontation highlights an ideological clash between traditional “gold supporters” and modern cryptocurrency advocates. Wood recently reaffirmed her extremely bullish outlook on Bitcoin, projecting a fundamental price target of $7.3 million by 2030, with an extremely optimistic scenario of $1.5 million. She believes the Bitcoin bull market is still ongoing and noted that a 50% pullback—compared with the typical 85% to 95% crashes seen in other cryptocurrencies—is a “victory.” As a staunch supporter of physical gold, Giustra publicly rebutted Wood’s optimism, saying, “These comments are embarrassing; BTC will not rise to $1 million.” The remarks quickly triggered a backlash from cryptocurrency supporters.
BTC-5.45%
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ProofOfSnack
· 4h ago
The more Giustetti insults, the more it shows that BTC is on the table.
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GateUser-517aed04
· 4h ago
It's still early for 2030; let's wait until next year to talk about it.
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GateUser-fbbc916d
· 4h ago
Frank is quite harsh in his criticism, but how many times has gold underperformed BTC over the past ten years?
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FragilePosition
· 4h ago
The gold tycoon is getting anxious, indicating that Bitcoin is really threatening them.
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GateUser-ae5cc7b3
· 4h ago
Traditional finance old money disapproves of new wealth, classic script
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BittersweetArb
· 5h ago
A 50% correction is controllable... That sounds like self-comfort.
View OriginalReply0

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