
Ark Investment CEO Believes Bitcoin’s Capitalization Will Grow to $4.5T
Catherine Wood, head of management company ARK Invest, has predicted that the capitalization of BTC will hit $4.5 trillion and has asked renowned economist Arthur Laffer to study the white paper of the asset.
The CEO of ARK Invest was interested in the prospects of Bitcoin as a unit of account, a store of value and circulation. Laffer has spoken positively about BTC. He has said:
“I’ve been looking for this ever since we went off the gold standard. Bitcoin is a rule-based monetary system.”
Laffer has also compared the prospects for capitalization of digital gold with the size of the US monetary base.