Cathie Wood is known for her exciting and optimistic long-term growth projections. Right now, she's a huge fan of an iconic cryptocurrency that she believes could soar in value in the years and decades to come,

Since crossing the $100,000 mark for the first time in late 2024, Bitcoin has largely traded sideways. That is an “extremely healthy” sign for the world’s largest cryptocurrency, according to ARK Investment Management CEO Cathie Wood.

Cathie Wood, chief of Ark Investment Management, often makes big bets on her target tech stocks. Sometimes, she’ll buy them on the way down, hoping for a bargain. And sometimes she’ll even acquire them on the way up.

Cathie Wood Is Doubling Down on Her Bullish $1 Million-Plus Bitcoin Price Target. Here's Why.

So, the Palantir growth story has been all about riding the AI wave to Valhalla but, in sharp contrast, chip giant AMD’s trajectory has been more akin to a slog through the AI swamp. While PLTR stock has surged, AMD shares have been unable to show any AI-driven gains, with the stock actually falling by 32% over the past 12 months.

Cathie Wood and her firm ARK Invest have a propensity for high-flying tech and artificial intelligence stocks. That's why it's no surprise to see Wood and ARK embracing cryptocurrencies and the blockchain networks they run on. In fact, few have been more optimistic about cryptocurrencies than Wood, except for perhaps Michael Saylor.

Cathie Wood is the CEO and chief investment officer at ARK Investment Management. One feature that differentiates Wood from her peers in the wealth management industry is her appetite for more-speculative opportunities -- often assuming higher degrees of risk compared to blue chip stocks.

It's not a mystery why high-tech innovation investor Cathie Wood is such a big fan of Bitcoin. She's all about up-and-coming disruptive technologies. And with its potential to keep making waves across the global financial scene,