Ark Invest CEO: Bitcoin Will Grow This Year

Cathie Wood, CEO of Ark Invest, has predicted that the cryptocurrency market will enter a new phase this year.

According to her, the growth of the asset and other virtual currencies will be the result of the easing of the monetary policy of the Federal Reserve.

Bloomberg strategist Mike McGlone has made a similar prediction before. He has not excluded either the entry of BTC into a bullish phase that will push Bitcoin to $30,000.

Cathie Wood has said that macroeconomic factors will push the Fed to change course and refuse to raise the discount rate.

Ark Invest analysts have predicted a gradual decline in US inflation to a target value of 2%.