Cathie Wood: Bitcoin Will Reach $730,000 by 2030



Cathie Wood, CEO of ARK Invest, confirmed that she is still sticking to her base case for Bitcoin’s price, which she expects to reach $730,000 by 2030, and she says the Bitcoin bull market is still ongoing.

Gold Leads the Cycle... and Bitcoin Follows

Wood explained that Bitcoin’s correlation with gold since 2019 has been very weak (only 0.14), but she believes that gold usually rises before Bitcoin in previous economic cycles, which is what is happening now, in her view.

She said on the The Rollup podcast: “Bitcoin versus gold has seen a noticeable decline, but in the long run we see higher highs within the overall long-term trend. The Bitcoin bull market is still intact.”

She added that ARK’s bullish forecast reaches up to $1.5 million for Bitcoin by 2030. She also pointed out that stablecoins have taken some of Bitcoin’s role in emerging markets, but at the same time, gold’s rise affects Bitcoin’s narrative as a store of value asset.
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BeforeAndNow
· 3h ago
Hop on now!🚗
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