Cathie Wood, CEO of Ark Invest, is optimistic about Bitcoin’s future, believing in the cryptocurrency’s potential to disrupt various markets.

Ark’s Bitcoin valuation model projects significant price gains, outlining three scenarios by 2030, with the most bullish predicting a staggering $1.48 million per coin, reflecting over 3,400% growth from current levels.

Wood’s investment thesis is based on the classic supply and demand dynamics, emphasizing Bitcoin’s scarcity, akin to digital gold, and its enduring popularity.

Ark’s model identifies eight potential sources of demand, including corporate treasuries, remittances, nation state treasuries, and more, anticipating Bitcoin’s increased value across these segments.

Despite modest current penetration across markets like institutional assets and emerging market currencies, Wood sees a positive trajectory, backed by existing Bitcoin adoptions by major companies and governments.

She believes that further widespread acceptance could be on the horizon, especially among financial advisors and high-net-worth individuals (HNWIs).