ARK Invest CEO Cathie Wood reaffirmed her firm’s long-term bullish outlook for Bitcoin, projecting a base case of approximately $750,000 and a bull case of $1,250,000 within the next five years, even as critics question the asset’s performance amid volatility and geopolitical tensions.

In a recent interview with Fox Business, Wood addressed Bitcoin’s role as a maturing asset class, pushing back against skepticism that it has failed to serve as an effective hedge during periods of global uncertainty.

“Our base case is closer to $750,000. But the bull case involves a substitution for gold,” Wood said. “So as generational wealth transfer takes place, we think that…

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