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Cathie Wood says big-money investors could add $500,000 to bitcoin’s price


Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021.

Kyle Grillot | Bloomberg | Getty Images

Widely followed investor Cathie Wood said Thursday increasing allocation to bitcoin from hedge funds and other large investors could add $500,000 to the cryptocurrency’s value over time.

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