Cathie Wood’s ARK Sticks To $1.5M Bitcoin Target, Predicts Market Recovery

This week, cryptocurrency markets staged a long-awaited recovery, following four consecutive weeks of downside momentum.

Bitcoin’s (BTC) price reclaimed the $90,000 psychological mark on Wednesday, bringing some much-needed relief for Bitcoin exchange-traded fund (ETF) holders, who were once again back in profit as BTC traded above the key $89,600 flow-weighted cost basis of ETF buyers.

Bolstering investor sentiment, Cathie Wood, the CEO and chief investment officer of ARK Invest, said the company’s $1.5 million Bitcoin bull market price prediction…