Catherine wood: Bitcoin capitalization will grow to $4.5 trillion – Bits Media

The ARK Invest Foundation stated, that bitcoin can become more valuable, than most fiat currencies, Including the US dollar.

Catherine wood (Cathie Wood) told, what, When Bitcoin was worth it $250, She asked the famous economist art Laffer (Art Laffer) Study white paper the first cryptocurrency on the subject: can BTC fulfill the roles of fiat money such as: store of value, unit of account and medium of exchange. Laffer replied, that Bitcoin has the potential to be an asset, supporting the value of the US dollar:

“I've been looking for an asset like this ever since, how we abandoned the gold standard. Bitcoin is a rules-based monetary system. How Big Can BTC Be??.. Well, How big is the US monetary base??“Laffer reasoned.

Wood noticed, that at that time the capitalization of Bitcoin was 6 billion, and the price $250. “I then said: “it $4.5 trillion”. He said: “Here's your answer”». ARK Invest fund manager says, that that conversation prompted her to immediately invest a large amount of money in BTC.

"As soon as Art said it, I lit up like a light bulb. I don't even know, exactly how much BTC did you buy?, I didn't count them at the time. But I saved all the BTC.”, — Wood shared.

Previously, the experienced investor had never told anyone about that incident., but after a memorable conversation, she spent more than $100,000 on bitcoins.

Recently experienced crypto trader Ton Weiss (Tone Vays) stated, that Bitcoin will reach a six-figure price in 2023 year, even before the next reduction in rewards for miners. Bloomberg Senior Analyst Mike McGlone (Mike McGlone) has repeatedly expressed this, that the Bitcoin rate will reach in the coming years $100 000. This month he said, that BTC will stand next to gold as a global asset.