Cathie Wood says big-money investors could add $500,000 to bitcoin's price

Published Thu, Dec 9 20218:02 AM EST

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021.

Kyle Grillot | Bloomberg | Getty Images

Widely followed investor Cathie Wood said Thursday increasing allocation to bitcoin from hedge funds and other large investors could add $500,000 to the cryptocurrency's value over time.