ARK Invest CEO Cathie Wood Shares New Predictions for Bitcoin Price After Record Highs
Famous investor Cathie Wood talked about new records in Bitcoin prices in her live interview.
ARK Invest CEO Cathie Wood has made a bold prediction for Bitcoin (BTC), predicting that the price could reach $1.5 million per coin by 2030.
In a recent interview, Wood outlined his predictions by citing increased institutional interest and regulatory developments as key factors driving Bitcoin’s potential rally.
Wood explained that ARK Invest has set a base case target of $650,000 for Bitcoin by 2030, while a more optimistic bullish scenario sees prices between $1 million and $1.5 million.
ARK Invest has been a Bitcoin supporter since 2015, when the firm first gained exposure to BTC at a price of $250 per coin. Despite Bitcoin’s recent climb to nearly $90,000, Wood believes the asset has significant room to grow.
Wood pointed to several factors supporting the bullish outlook:
Wood highlighted ongoing regulatory developments that he believes will benefit Bitcoin and broader innovation sectors, including healthcare. “We’re getting some regulatory relief here, and I think that’s one of the most important things that’s come out of this administration,” he said.
According to Wood, institutions and asset allocators have begun to view Bitcoin as a unique asset class, distinct from traditional options like stocks and bonds. “This asset behaves differently than all our other assets,” Wood said. “We need to include it as well.”
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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