Cathie Wood: Institutional investors are increasing their investments in digital assets, raising the chances of BTC reaching $1.5 million

ChainCatcher news, according to Cointelegraph, ARK Invest CEO Cathie Wood stated that despite the temporary market downturn, the chances of Bitcoin reaching $1.5 million are increasing as institutional investors continue to expand their investments in digital assets.

She said, "Many institutional investors are now looking at Bitcoin and believe they need to add it to their asset allocation because the return and risk profile of Bitcoin is very different from all other assets in their portfolios."