Cathie Wood is among the most bullish investors when it comes to the crypto sector. Well-known for her bullish $1.5 million Bitcoin (BTC) price prediction, her investment firm ARK Invest regularly drops millions of dollars on crypto stocks. Whether it's crypto treasury or tokenization trends, Wood is ahead of most Wall Street giants in identifying and investing in emerging technologies and confidently backs her convictions with decisive action. Related: What is tokenization? Explained Among the most popul ...

Core Insights - Jack Dorsey, co-founder of Twitter (now X) and Block, Inc., supports Elon Musk's views on Bitcoin, emphasizing its value compared to fiat currency [1][2] - Musk's comments highlight the potential for fiat currency debasement due to government actions, which may drive up the value of assets like Bitcoin [2] - Dorsey has a history of advocating for Bitcoin, aligning with Musk's previous support for cryptocurrencies [2] Company Developments - Block, Inc. offers a range of Bitcoin-friendly products, including Cash App for Bitcoin investing and Bitkey, a self-custody Bitcoin hardware wallet [5] - The company has also developed Proto, a Bitcoin mining system, further solidifying its commitment to the cryptocurrency [6] - Dorsey believes that Bitcoin's total market value could exceed $20 trillion by 2030, potentially driving its price to at least $1 million [8] Tesla's Bitcoin Involvement - Tesla previously purchased $1.5 billion in Bitcoin and accepted it as payment before retracting due to environmental concerns [3] - The company divested approximately 75% of its Bitcoin holdings, valued at around $936 million, during the crypto winter but still retains about $1.3 billion in Bitcoin [4] - Musk has indicated plans to embrace Bitcoin in potential political endeavors, suggesting ongoing support for the cryptocurrency [4]