“Sister Mu’s” latest prediction: Bitcoin may reach $3.8 million

March 23 | Cathy Wood said at the Bitcoin Investor Day conference in New York on Friday that under a bull market scenario, the price of Bitcoin could reach $3.8 million, which is more than $2 million higher than her previous prediction. Wood said: “Last year we predicted that Bitcoin would reach $1.5 million in a bull market scenario. The SEC gave the green light to institutions, although it was indeed reluctant, but the analysis we did was that over time, if institutional investors Allocating a little over 5% of its portfolio to Bitcoin, as we think it will, that alone would add $2.3 million to the forecast I just gave you." Wood also said she expects the upcoming "halving." will have a similar impact to previous events.