Bitcoin price to rise tenfold to $500,000 in 5 years: Cathie Wood

ARK Invest's Cathie Wood, during the SALT Conference, said she expects the price of Bitcoin to soar to $500,000 in five years. "We believe that the price will be tenfold of where it is today," Wood added. She further said she would default to Bitcoin if she could own just one cryptocurrency, as "countries are now deeming it legal tender".