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

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 that many institutional investors are now focusing on Bitcoin and believe they need to add it to their asset allocation because the returns and risk profile of Bitcoin is significantly different from all other assets in their portfolio.