As per TheCCPress, Cathie Wood, CEO of Ark Invest, predicts a recovery in the crypto market as the Federal Reserve prepares to end its quantitative tightening policies. Wood stated at an Ark Invest webinar that improved liquidity could boost crypto markets, with Bitcoin leading the recovery. She cited institutional investments in Coinbase and other crypto stocks as supportive of this outlook. Wood expects the liquidity squeeze to reverse within weeks and maintains a long-term Bitcoin price target of $1.2 million, adjusted from $1.5 million due to stablecoin competition.
Cathie Wood Predicts Crypto Market Recovery as Fed Ends Tightening
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