1 Popular Cryptocurrency Cathie Wood's Ark Invest Sees Surging 1,823%

Published August 9, 2026 · Category: Finance

Overview

For much of its history, Bitcoin (CRYPTO: BTC) has been one of the top-performing assets in the world. No wonder, then, that crypto investors continue to hold out hope that Bitcoin will soon recover and go on another of its epic rallies.

Notably, Cathie Wood of Ark Invest continues to double down on her bullish price targets for Bitcoin. Despite Bitcoin's recent downturn, she still thinks it's capable of hitting a price of $1.25 million within the next five years. Based on an Aug. 7 price of roughly $65,000, that's a head-spinning gain of 1,823%.

Details

There are several reasons why Cathie Wood continues to bang the table for Bitcoin. A major factor is institutional adoption, which refers to the growing number of banks, financial institutions, and corporations that are embracing Bitcoin.

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Source

Originally published at www.fool.com.

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