Katherine Wood: Bitcoin capitalization will grow to $4.5 trillion
Fund manager ARK Invest said that bitcoin could become more valuable than most fiat currencies, including the US dollar. Cathie Wood said that when bitcoin was worth $250, she asked renowned economist Art Laffer to study the First Cryptocurrency White Paper to see if BTC could fulfill the roles of fiat money as a store of value, unit of account, and medium of appeals. Laffer responded that Bitcoin has the potential to be an asset…
