Cathie Wood "Maintains Bitcoin Price Target of $1.5 Million"... Expects Year-End Rebound Due to Improved Liquidity

Source: DigitalToday Original Title: Cathie Wood “Maintains Bitcoin Price Target of $1.5 Million” Original Link:

ARK Invest(, an investment management firm, projected that after the end of the U.S. government shutdown, the improvement in liquidity and the Federal Reserve)'s policy changes are likely to increase the chances of a year-end rebound in the stock and cryptocurrency markets.

As the U.S. Treasury's general account normalizes, liquidity worth $300 billion is expected to flow into the market over the next 5 to 6 weeks. Additionally, since the Federal Reserve is set to end quantitative tightening ( QT ) on December 1 and transition to quantitative easing ( QE ), the possibility of market recovery is also increasing.

Cathy Wood, CEO of ARK Invest(, emphasized that “the cryptocurrency and artificial intelligence)AI( markets are currently limited due to liquidity shortages, but this will reverse in a few weeks.” She maintained her long-term outlook for Bitcoin announced in April, predicting a price of $1.5 million for Bitcoin in a bullish scenario and $300,000 in a bearish scenario. Although recent market corrections and the proliferation of stablecoins have weakened Bitcoin's role as a safe-haven asset, she explained that the rise in gold prices offsets this and supports a bullish outlook.

Meanwhile, Arthur Hayes, co-founder of BitMEX, predicted that if the Federal Reserve shifts to QE, Bitcoin could rise to $250,000. However, Ilya Kaltchev, an analyst at the Nexo) digital asset platform, pointed out that Bitcoin needs to recover to $92,000 for the cryptocurrency market to see a significant rebound.