Bitcoin will be "reborn from the ashes"! "Female Stock God" Wood: Bitcoin is expected to rise to $1 million in 2030

Abstract: Despite the collapse of FTX and the continued bear market of digital assets, Kathy Wood, CEO of Ark Investment Company, known as the "Goddess of Stocks", has not changed his bullish attitude towards cryptocurrencies. In an interview with Bloomberg on Tuesday, Wood reiterated her prediction for Bitcoin to reach $1 million by 2030.

Article main points:
1. Kathy Wood reiterated her prediction for Bitcoin to hit $1 million by 2030 in an interview with Bloomberg on Tuesday.
2. She believes that the underlying technology of the blockchain will enable Bitcoin to have lasting vitality.
3. Wood said, "Sometimes you need to fight trials, you need to go through crisis...to see survivors."
FX168 Financial News (Hong Kong) News Although FTX collapsed and the digital asset bear market continued, Cathie Wood, CEO of Ark Investment, known as the "Goddess of Stocks", did not change her attitude towards cryptocurrencies. Bullish attitude. #FTX Explosive Thunder#
Wood said she expects Bitcoin to "resurrect from the ashes" of the "cryptocurrency conflagration" sparked by the FTX crash and emerge stronger than ever.
In an interview with Bloomberg on Tuesday (November 22), Wood reiterated her prediction for Bitcoin to reach $1 million by 2030. The forecast was released earlier this year by her company.

"Sometimes you need to fight the trials, you need to go through the crisis ... to see the survivors," she said.
Bitcoin - the world's largest cryptocurrency by market value - has lost 64 percent of its value this year, but Wood sees the so-called "crypto winter" as an opportunity to test bitcoin's infrastructure and investment philosophy.
On Wednesday, bitcoin rose 2 percent to $16,488.
However, Wood acknowledged that the FTX debacle and depressed market could give institutional investors a reason to delay cryptocurrency adoption. But it also ultimately presents a learning opportunity for investors.
“Once they’ve actually done their homework and seen what’s going on here, I think they might be more comfortable making bitcoin or ethereum their first stop because they’ll learn more,” she said.
The FTX crash sent shockwaves not only to the cryptocurrency industry, but also to Wall Street. Several VC firms, including high-profile VC firms such as Paradigm, BlackRock, and Tiger Global, had backed FTX, but were humiliated by the firm's collapse. Sequoia Capital, for example, wrote down its entire investment of more than $200 million in the exchange and apologized to investors.
Similar to bitcoin, ether — the second-largest cryptocurrency by market capitalization after bitcoin — has lost nearly 70% of its value so far this year.
Wood is not only bullish on tokens, but the broader crypto industry as well. She bought shares of crypto exchange Coinbase on dips, adding $53 million to her holdings this month and adding more shares in Grayscale Bitcoin Trust and Silvergate Capital.
All three stocks are down more than 75% so far in 2022, though Wood isn't worried.
Grayscale Investments remains the jewel in the crown of Barry Hilbert's Digital Currency Group, she said in an interview Tuesday.
"We know that Grayscale's trust funds are by far the most valuable part of the company, and they're the cash cow," Wood said. "We think they're going to try to keep that."

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