![Cathie Wood's ARK Invest ARKW Fund Sold $6M of Grayscale Jamie Crawley](https://btcusa.com/wp-content/uploads/2023/11/Cathie-Woods-ARK-Invest-ARKW-Fund-Sold-6M-of-Grayscale-678x381.jpg)
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The ARK Invest CEO also said a bear case would see the price rise to $258,500 and a base case of $682,800. ARK backed up the previous $1 million price prediction by pointing to a higher hashrate, long-term holder supply, and addresses with a non-zero balance compared to the prior downturns. The SEC’s approval of the spot ETFs has likely added to the bullish thesis.
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