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Cathie Wood: Bitcoin price forecast rises to $1.5 million, sparking debate between gold and cryptocurrencies

CoinNetwork
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Abstract generation in progress
Crypto information site reports that Cathie Wood has recently raised her bullish prediction for Bitcoin to $1.5 million, sparking a debate about Bitcoin versus gold. She reiterated Bitcoin’s fundamental target of approximately $730k and expects it could reach $1.5 million by 2030. Wood believes that although there are cyclical corrections, Bitcoin’s long-term upward trend remains unchanged, and she views it as a hedge against currency devaluation. In response, Canadian mining investor Frank Giustra quickly reacted, rejecting this forecast and saying that Bitcoin will not reach $1 million. Giustra emphasized that many traditional precious metals investors still prefer physical gold as a reliable store of value. Wood’s latest outlook is built on Ark Invest’s recent series of bullish predictions, which expect that Bitcoin’s potential upside will increase as institutional adoption accelerates.
BTC-4.76%
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GasfeeComplainer
· 8h ago
I've looked at Ark's model; it's logically consistent, but the market never follows the script.
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TheKiteNeverLands.
· 8h ago
Cathy Wood’s forecast has a wide range: the 730,000 would double directly to 1.5 million, and we’ll see the result in 2030.
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BluePeonyObserver
· 8h ago
2030 is too far away; let's wait until next year's halving first.
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SushiRebalance
· 8h ago
Gaiostra also has a point; the older generation indeed recognizes gold but not code.
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