Cathie Wood Says Bitcoin Is Going To $1M — Jim Cramer Says Yeah, And I 'Walked On Water' In The Sea Of Galilee

Ark Invest founder and CEO Cathie Wood is doubling down on her prediction that Bitcoin BTC/USD will reach $500,000 and Jim Cramer can't help but laugh.

Wood Sees Exponential Rise: In Ark Invest's Big Ideas release for 2023, Wood noted that "the price of one bitcoin could exceed $1 million in the next decade."

She backed that up in an interview on CNBC's "Squawk Box" on Feb 1.

When Squawk Box co-host Andrew Ross Sorkin asked the Ark Invest CEO if she still believes Bitcoin can go to $500,000, she said, yes, "in fact, we are a little higher than that in our base case for the year 2030, and in our bull case, much higher."