Bitcoin Price Projections Soar: ARK Invest CEO Cathie Wood Forecasts $1.5 Million by 2030

ARK Invest CEO Cathie Wood expressed on CNBC that Bitcoin (BTC) could potentially reach $1,500,000 by 2030, up 50% from her previous prediction of $1 million.

Wood emphasized that the approval of spot Bitcoin ETFs by the SEC is a significant green light, increasing the probability of a bullish scenario.

In a bear case, Wood sees the price rising to $258,500, while the base case is set at $682,800. ARK Invest attributes the $1 million price target to factors such as a higher hashrate, long-term holder supply, and addresses with a non-zero balance, comparing it to previous market downturns.

The recent SEC approval is seen as further supporting the positive outlook. ARK Invest, an SEC-approved asset manager, launched Bitcoin ETFs, and on Thursday, BTC briefly surpassed $49,000, although it retraced to trade near $46,322.

This optimistic sentiment aligns with Standard Chartered Bank’s prediction of Bitcoin potentially reaching around $200,000 by the end of 2025, drawing parallels to the historical performance of gold following the launch of the first U.S.-based gold exchange-traded product in 2004.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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