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Bitcoin will cost $ 560,000 in 5 years, says Cathie Wood. How can you benefit from it now?



The largest cryptocurrency fell back below $ 60,000 after its impressive rally in October, but bulls like Ark Invest's Cathie Wood remain optimistic about further price action. She said in an interview with Barron's:

If institutional investors get into Bitcoin and allocate 5% of their portfolios, the price of the cryptocurrency will rise to around $ 560,000 by 2026.

That equates to a growth of 800%, which seems wild. However, Wood predicted a 1,200% increase for Tesla, which she was right.

This short article looks at ways to capitalize on the crypto boom. This includes buying crypto stocks and investing in Bitcoin ETFs. But also art - an often overlooked asset.

Invest in crypto stocks

Crypto exchanges and other companies directly connected to the crypto market allow investors to take advantage of the crypto rally. MicroStrategy bought 9,000 bitcoins in the third quarter of this year , bringing the total value of bitcoins to $ 6.7 billion.

Riot Blockchain mines the flagship among cryptocurrencies and owns mining equipment for institutional customers. The company's shares rose nearly 500% over the past year.

Another option is Coinbase, which operates the largest crypto exchange in the United States. The company's share price fell below $ 300 that summer, but has since climbed back above $ 300.

Bitcoin ETFs

Wood's Ark Invest changed its offer to take exposure to Bitcoin through Canadian ETFs this September. Canadian ETFs were very profitable. In the US, the first Bitcoin ETF, ProShare Bitcoin Strategy , made the biggest contribution to Bitcoin's rally to a new all-time high in October. The fund holds Bitcoin futures contracts that are traded on the CME.

The high art

Cryptocurrencies are notoriously volatile and many people feel uncomfortable holding such unpredictable assets. Art has little correlation with the ups and downs of the stock market. In addition, it is often overlooked as an asset.

Currently, modern art is outperforming the S&P 500. Over the past quarter century, according to the Citi Global Art Market, it has grown 174% more than the index.

New investment platforms for art

In the past, you had to be very rich to buy a Banksy or Andy Warhol work. With new platforms like Masterworks, you don't have to be Jeff Bezos to invest in iconic artwork. The founder of Masterworks wants to simplify the process of investing in modern art.

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