BlackRock Is NOTHING, COUNTRIES & States Are Coming For Your Bitcoin - Cathie Wood 2024 Prediction

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With the advent of Bitcoin ETFs, it is clear that major global powers are inevitably turning their attention to Bitcoin. This shift has already begun.

Looking ahead, we can expect state treasuries, like that of Wisconsin, and additional nation-states, following El Salvador's example, to incorporate Bitcoin into their balance sheets. This perspective was recently shared by Cathie Wood, CEO of Ark Invest.

Earlier this year, Cathie Wood and Ark Invest published research on Bitcoin's role within institutional portfolios. Their findings revealed that incorporating Bitcoin enhances returns while simultaneously reducing risk.

This outcome is explained by modern portfolio theory, which posits that combining uncorrelated assets can optimize returns and minimize risk. Since Bitcoin has no correlation with other assets, it is an ideal tool for portfolio diversification.

Ark Invest projects that Bitcoin could reach a value of $2.3 million per coin if institutions allocate the appropriate portion of their portfolios to it. In a recent interview, Cathie Wood elaborated on why this reasoning makes Bitcoin an inevitable addition not just for institutional investors, but for state and national treasuries as well.