Beth Kendick, one of the well-known names in artificial intelligence investing and chief technology analyst of IO Fund, reiterated her bullish stance on Nvidia in a recent interview and said: of Bitcoin made a bold prediction about the price trend.
Kendick, known for his unshakable faith in Nvidia even during periods of volatility, now turns his attention to cryptocurrency turned it into the market.
Regarding Bitcoin, Kendick explained that BTC is the third largest position in his firm’s portfolio. With Bitcoin’s recent rise and exceeding $63,000, Kendick believes that going beyond this level could push BTC to a minimum of $100,000, which was a prediction he had previously expressed in the program he attended.
The most important reason why Nvidia shares are trading so high overall is due to its artificial intelligence (AI)-powered price movements over the past year. The stock, which rose 61% this year, added to its 240% rise in 2023. The company’s shares have risen 481% in the last three years. Although Microsoft is currently the largest company in the USA, Nvidia seems to be aiming for this throne.
*This is not investment advice.
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