Ah, the sweet scent of speculation in the morning! Bitcoin‘s price has been a real rollercoaster ride, and Ark Invest’s CEO Cathie Wood is the latest fortune teller on the scene.
Wood reckons that institutional adoption could catapult Bitcoin to the stratosphere, reaching a whopping $1.5 million by 2030. Now, that’s quite the leap from its current value, but who are we to judge the musings of a modern-day Nostradamus?
Cathie Wood’s Roaring Bitcoin Forecast
In a recent YouTube interview, Wood reaffirmed Ark Invest’s daring Bitcoin price prediction, attributing the surge to the burgeoning institutional demand. She’s convinced that as more companies and financial institutions add BTC to their portfolios, its scarcity and utility will drive its value through the roof.
“The odds have gone up that our bull case will be the right number, all thanks to this new institutionalized asset class.”
Wood’s optimism aligns with Ark Invest’s previous report titled: Big Ideas 2025. The company envisions several scenarios for potential Bitcoin performance. In the most optimistic case, if BTC maintains a 58% Compound Annual Growth Rate (CAGR), it could soar to $1.5 million in the next five years. But, as they say, with great power comes great responsibility, and Ark Invest cautions that even in a worst-case scenario with a 21% CAGR, Bitcoin could still reach $300,000 by 2
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2025-02-12 18:37