• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing 3 predictions Cathie Wood made and what are the odds of them happening
Investing

3 predictions Cathie Wood made and what are the odds of them happening

by November 23, 2022
by November 23, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Cathie Wood has made a name for herself as one of the most active and popular American investors in the technology sector. She is the CEO and CIO of Ark Invest, an investment management firm popular during the COVID-19 pandemic, as Cathie was one of the most vocal supporters of the tech sector.

The launch of the ARKK Innovation ETF made it possible for retail investors to gain exposure to innovative tech companies at a low cost. Disruptive innovation is the name of the game for an investor in ARKK, an ETF full of cutting-edge firms from fields such as genomics, transportation, infrastructure, or artificial intelligence.

But ARKK (and Cathie) have seen their investments fading in 2022. The ARKK ETF is down considerably on the year, despite Cathie Wood insisting on some of the boldest bets on Wall Street:

Tesla trading for $3,000/shareARKK earning 40% annual return over five yearsBitcoin reaching $1 million

Cathie Wood remains bullish on Tesla

Cathie (and ARKK) is very bullish on Tesla (NASDAQ:TSLA). She made no secret of it, and on March 2021, the investment firm Cathie is leading released a research report with a price target for Tesla’s stock of $3,000/share ($1,000/share) post-split, with a five years time horizon.

But that was not all.

She reiterated the bullish case for Tesla this year. Ark Invest raised the 5-year target for Tesla’s stock in April to $4,600/share ($1533 post-split).

Reality check in November 2022 – Tesla’s stock is down 49%.

ARKK to return 40%/year to investors

Last year, Cathie delivered a bold forecast for ARKK on national TV; it would earn a 40% annual return over five years.

She went on this year and raised the five-year return to 50%.

Reality check in November 2022 – ARKK ETF is down 67%.

Bitcoin to reach $1 million

One of the most famous predictions she ever made was regarding Bitcoin. Cathie Wood owns Bitcoin and said this month that Bitcoin will reach $1 million by 2030.

Cathie Wood says Bitcoin will be worth 1 million per coin by 2030 https://t.co/D8Sk91Z4Me pic.twitter.com/vlI4FTofMr

— Bloomberg (@business) November 22, 2022

That would be the equivalent of a 67.5% gain a year. Moreover, it implies that by 2030 Bitcoin’s market capitalization will reach $21 trillion. As a comparison, the global money supply is less than twice that amount.

Reality check in November 2022 – Bitcoin is down 68% YTD, trading at $16,580 at the time of writing this article.

I’m not saying placing money with Cathie is a bad investment. Instead, I’ll leave it to Ray Dalio, the legendary investor, to explain it:

“To make money in the markets, you have to think independently and be humble.”

The post 3 predictions Cathie Wood made and what are the odds of them happening appeared first on Invezz.

You Might Also Like
  • 25+ stock market statistics 2022
  • How did stock indexes perform in 2022? What next for 2023?
  • Litecoin price: Here’s why LTC has spiked 34% this week
  • Shell vs Chevron stock: One clear winner by far
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Is it safe to buy the Carvana stock dip?
next post
Time to Rethink University Accreditation

You may also like

Five Below breaks out. Here is the next target for...

November 25, 2022

Is it worth owning Costco stock after its Q1 earnings...

December 10, 2022

Activist investor wants to replace Larry Fink as BlackRock CEO

December 7, 2022

Microsoft to buy 4% of London Stock Exchange Group

December 12, 2022

Is There A ‘Free Lunch’ In Options?

May 28, 2024

Could we still have a Santa Claus rally through the...

December 20, 2022

Phillip Newman foresees considerable headwinds for silver prices in 2023

November 30, 2022

Cowen analyst names Raytheon stock his ‘best idea’ for 2023

November 28, 2022

Is it safe to buy the Dow Jones index after...

December 1, 2022

Leon Cooperman shares market outlook following monthly jobs report

January 6, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Out Of The Money (OTM) Options...

    April 20, 2023

    The digital pound will not track...

    January 10, 2023

    Pro recommends buying Shake Shack stock...

    January 10, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here