Cathie Wood thinks Bitcoin price will rise to $1.5 by 2030
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ARK Invest CEO Cathie Wood’s “base case” is that BTC will reach $600,000 by 2030, but “the bull case expects it to reach $1.5 million by 2030.”
Ark Invest CEO Cathie Wood recently reiterated her optimistic prediction for Bitcoin prices in 2030 on CNBC. Wood’s forecast includes a bear case of $258,500, a base case of $682,800 and a bullish case of $1.48 million.wood disclosed 25% of her net worth is invested in Bitcoin.
The announcement follows the approval of a Bitcoin exchange-traded fund (ETF), with a pre-approval price of $44,500 on Wednesday.Bitcoin surges to $49,000 in first hour of trading this morning $2 billion in trading volumeshowing the direct impact of ETFs on the market.
“We believe Bitcoin is a public good. We believe what we have here is a financial highway. In the early 1990s, developers were not building this layer of the internet because no one envisioned commerce or financial services .”
Cathie Wood interviewed by CNBC
Cathie Wood’s consistently bullish outlook on Bitcoin (BTC) is rooted in her belief that the future of cryptocurrencies is closely tied to technological innovation. Although Bitcoin’s current price is below its 2021 peak, Wood remains firm in predicting that each Bitcoin will be valued at more than $1 million within the next decade.
