Multimillionaire Cathie Wood Is Buying a BlackRock ETF That Could Soar 164% in 2025, According to This Wall Street Analyst

Cathie Wood is reportedly worth hundreds of millions of dollars. The chief executive officer of Ark Invest didn't get there overnight. Wood is known for making bold investments, often buying high-growth stocks that she thinks can be multibaggers by disrupting huge markets in tech. One asset class Wood has not shied away from is cryptocurrency. On numerous occasions, Wood has predicted that Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, will eventually be worth many multiples of what it is today. With Bitcoin now valued at more than $100,000, Wood is doubling down and predicting that Bitcoin will hit $3.8 million by 2030. Wood is also broadening her crypto investments. Ark recently purchased a cryptocurrency exchange-traded fund (ETF) that one Wall Street analyst thinks could shoot 164% higher next year. Let's take a look.If gold has silver, Bitcoin has Ethereum (CRYPTO: ETH). Ethereum is the second-largest cryptocurrency in the world and is also seen as one of the sector's pioneers like Bitcoin. While Bitcoin is viewed as a hedge against inflation, Ethereum is the go-to network for developers building decentralized apps with smart contract functionality. Ethereum has performed well since Election Day but also has played second fiddle to Bitcoin, which has widely outperformed this year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool