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ARK CEO: The target for Bitcoin bull run in five years is still over $1 million.
On August 12, Cathie Wood, CEO of ARK Invest, stated that ARK's prediction for the Bitcoin bull run remains well above $1 million over the next five years. Wood indicated that Bitcoin has become the primary entry point for institutions into the digital asset space and is gradually replacing gold as a store of value. She emphasized that ARK's stance has not changed.