Degen

Cathie Wood: Bitcoin Price Will Reach $750,000 or $1.5 Million by 2030!
Ark Invest CEO Cathie Wood believes the US economy is emerging from a three-year cyclical slump caused by the Federal Reserve’s rate hike. She is optimistic about the future, citing productivity growth, especially in the area of ​​productive artificial intelligence.

Wood reiterated Ark Invest’s long-term Bitcoin price forecast, setting a target of $1.5 million for a bullish scenario by 2030.

She also says that Ark Invest’s base-case Bitcoin price target for 2030 is in the range of $700,000 to $750,000.

This forecast is based on factors such as institutional acceptance, limited supply and market share capture from gold.

She emphasized that institutional investors are just entering the market and there is a lot of growth potential. The analysis was provided by David Puell, an analyst at Anchin Ark Invest, and was mentioned by Wood in an interview with CNBC.