Ark Invest CEO Katy Wood expects bitcoin to grow tenfold in five years, surpassing the $500,000 mark. The investor predicted record growth at the Salt conference.

Wood is confident that soon companies will invest more in cryptocurrency, and large investors will begin to allocate five percent of their funds to it. “We are sure that the price will be ten times higher than the current one, so instead of 45 thousand dollars it will be more than 500 thousand dollars,” the expert summed up.