ARK Invest’s Cathie Wood predicts Bitcoin will hit $1.5 million in 2030 – That’s Why
Cathie Wood, CEO of asset management company ARK Invest, has backed Bitcoin (BTC) to reach $1.5 million by 2030. Investors and cryptocurrency advocates in the United States based this projection on a variety of factors, including the rise in institutional investment and the global recognition of Bitcoin as a store of value.
The foundation of Bitcoin glory
In a recent interview with CNBC, Cathie Wood shared Ark Invest’s future forecast for BTC, prepared by David Puell, the company’s market analyst. In the case of the basic case, Wood explained that Ark Investment predicts Bitcoin will reach its price target of $700,000 to $750,000 by 2030, with potentially trading at $1.5 million in the Bull case.
According to BTC proponents, these numbers are justified based on certain factors that may be the basis of Bitcoin’s dominance. First, Cathie Wood talks about the potential of assets to capture some parts of gold market share or to attract their markets as more and more investors begin to see cryptocurrencies as stores of value.
It is worth noting that Bitcoin has gained more credibility and recognition in recent years after the investment of traditional financial institutions and the regulatory policy attention of global governments. In the United States, this focus has led to multiple developments, and the launch of the US BTC spot ETF is the most important.
Despite being in existence for only 17 years, Bitcoin is the sixth most valuable asset, ahead of companies like Silver and Saudi Aramco, Meta and Tesla. Additionally, Cathie Wood stressed that institutional investment and BTC adoption are still in its early stages.
It is expected that the creation of a federal regulatory crypto framework under the Donald Trump administration and the constant removal of operational bottlenecks will stimulate Bitcoin’s institutional embrace, which is not only its potential as a safe haven, but also a considerable return due to cryptocurrency market volatility.
1 million BTC still not touched
In supporting ARK Invest’s bold Bitcoin predictions, Cathie Wood also highlights the fact that one million Bitcoin tokens have not yet been minted. This shows that there is still enough market supply to meet expected institutional demand.
Finally, the CEO of Ark Investment mentioned BTC’s emerging market use cases such as inflation hedging, cross-border transactions and activist donations, and other as part of the asset’s value drivers.
At the time of writing, the Prime Minister’s cryptocurrency traded at $103,312, reflecting a 22.62% increase last month.
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