Ark Invest CEO Cathie Wood has projected a staggering price target for Bitcoin (CRYPTO: BTC). According to Wood, the cryptocurrency’s price could soar to $3.8 million. What Happened: Wood made this prediction at the Bitcoin Investor Day conference in New York on Friday. She attributed this potential surge to the increasing institutional adoption of Bitcoin and the introduction of new ETF products, reported Business Insider. Wood’s previous prediction in January suggested that Bitcoin could reach $1.5 million by 2030. She now believes that if institutional investors allocate just over 5% of the…