Cathie Wood, female stock goddess ARK’s blockbuster report: Bitcoin is looking at 2.3 million US dollars, how many US dollars can Dogecoin reach?

Original author：狗狗幣中文社群之新聞台

Original source：https://www.youtube.com/embed/wigk3Sq0CIk

https://www.blocktempo.com/cathie-woo...
https://coingolive.com/en/coin/ath-pr...

Today is Tuesday, February 6, 2024, everyone is safe!
The night before dawn is the darkest,
But I guarantee the sun is coming up and a bull market is coming.
Believe in the power of Dogecoin, believe in the value of Dogecoin,
As long as you insist on buying and holding Dogecoin, no matter how difficult you encounter in the future,
Dogecoin will become your superpower to solve all problems,
Every step you take is paving the way for your dreams.
Friends of the Dogecoin Chinese community, come on!
This is the news station of the Dogecoin Chinese community
The news we are going to introduce today comes from blocktempo
This news was published on February 5, 2024, Taiwan time
The title is Cathie Wood, the female stock goddess ARK’s blockbuster report: Bitcoin is looking at 2.3 million US dollars, how many US dollars can Dogecoin reach?

ARK Invest, led by Cathie Wood, conducted an in-depth analysis of the future development of Bitcoin in its latest "Big Ideas 2024: Subverting Conventions and Defining the Future" report, predicting that the price of Bitcoin can break through the US$2.3 million mark. This report explores in detail the prospects for many fields, from artificial intelligence to Bitcoin, electric vehicles, etc., emphasizing the investment value and strategic allocation of Bitcoin as an emerging asset class. ARK Invest compared Bitcoin with other traditional assets and pointed out that its average annualized return over the past seven years was as high as 44%, significantly exceeding other assets. The report also mentioned that a reasonable allocation of Bitcoin can significantly improve the risk-adjusted return of an investment portfolio, and emphasized that if a certain proportion of global investable assets is allocated to Bitcoin, it will have a huge impact on its price: if 1% is allocated, it can reach 12 Ten thousand US dollars, if it reaches 19.4%, it can soar to 2.3 million US dollars. In addition, in 2023, Bitcoin demonstrated its resilience and growth potential in its response to the crisis, its role as a safe haven, and the development of its infrastructure. The report is also optimistic that the launch of Bitcoin spot ETFs, the Bitcoin halving event, and increasing institutional recognition and regulatory progress will further promote the development of Bitcoin in 2024. This report from Ark Investment demonstrates the strong potential of Bitcoin as an independent asset class and its future growth prospects from multiple perspectives.

In this news, we can analyze the price trend of Dogecoin from the following perspectives:

1. Bitcoin reaching $2.3 million will drive Dogecoin to soar: A report from ARK Invest predicts that Bitcoin has the potential to rise to $2.3 million. This unprecedented price expectation is a huge confidence boost for the entire cryptocurrency market. In the cryptocurrency market, the performance of Bitcoin often has a strong driving effect on other currencies. Therefore, when the price of Bitcoin reaches such a high level, market enthusiasm and investor confidence will increase, which will directly benefit Dogecoin and push its price upward.

2. 19.4% of global funds flowing into the crypto market will benefit Dogecoin: According to the report, if up to 19.4% of global investable assets flow into Bitcoin, its price will soar to $2.3 million. This large-scale capital inflow will not only greatly increase the market value of Bitcoin, but will also have a profound impact on the entire cryptocurrency market, and other cryptocurrencies including Dogecoin will also benefit from this. As more money and attention turns to the cryptocurrency market, other cryptocurrencies such as Dogecoin will see a new round of price increases and market attention.

3. Increased maturity of the crypto market and opportunities for Dogecoin: With the potential surge in Bitcoin prices and the massive inflow of global funds, the maturity of the cryptocurrency market will further increase. This not only means that Bitcoin will gain wider recognition and application, but also indicates that other cryptocurrencies such as Dogecoin will face more investment opportunities and the expansion of application scenarios. As the market matures, the investment value and practicality of Dogecoin will be further explored, thereby driving up its price.

Overall, the ARK Invest report predicts that Bitcoin prices could reach $2.3 million, which would have a huge positive impact on the entire cryptocurrency market, including Dogecoin. The high expectations of Bitcoin will drive market enthusiasm and enhance investor confidence, thus driving up the prices of other cryptocurrencies such as Dogecoin. At the same time, with the massive inflow of global funds into the encryption market and the improvement of market maturity, Dogecoin will usher in more investment opportunities and application scenarios, further promoting its price growth. If estimated based on the proportion of increases between Bitcoin and Dogecoin in the last bull market, if Bitcoin reaches this predicted price of $2.3 million, Dogecoin may reach approximately $24.32.