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Cathie Wood and her $400,000 Bitcoin price target
By Side Hustle Rich  •  December 23, 2020
Who is Cathie Wood? Cathie Wood, CEO of Ark Invest, first burst onto Wall Street’s radar with her $4,000 Tesla call back in Feb 2018, when the EV maker’s stock price was around $200. When she first came out with that price target, she was laughed out of town. But, since her call, Tesla has just been on an absolute tear, ripping upwards in a face melting rally that took Tesla to up $650, AFTER a 5-1 stock split! Which means taking into account the stock split, Tesla would be now trading at around $3,250! And that’s not the end. With Tesla joining the S&P 500, it looks like their stock will be going up and to the right for quite some time. Cathie has since doubled down on her Tesla call and said $7,000 will not be a problem. To understand her perspective better, while we all see Tesla as an automaker, she sees it as...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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