Cathie Wood has $1.5 bull case for Bitcoin price by 2030

2024-01-11 08:46:01

ARK Invest CEO Cathie Wood has a “base case” for $BTC going to $600k by 2030 but a “bull case of $1.5m by 2030”.

In a recent appearance on CNBC, Cathie Wood, CEO of Ark Invest, reaffirmed her optimistic 2030 Bitcoin price predictions. Wood’s projections include a bear case of $258,500, a base case of $682,800, and a bullish scenario of $1.48 million. Wood disclosed that 25% of her net worth is invested in Bitcoin.

This announcement comes on the heels of the approval of the Bitcoin Exchange-Traded Fund (ETF), with a price of $44,500 pre-approval on Wednesday. Within the first hour of trading this morning, Bitcoin soared to $49,000 with $2 billion in volume, showing the ETF’s immediate impact on the market.

“We believe that Bitcoin is a public good. What we have here, we believe, is a financial super highway. It is the layer of the internet that developers did not build in, in the early 90’s, because no one ever foresaw commerce or financial services.”

Cathie Wood on CNBC

Cathie Wood’s consistent bullish outlook on Bitcoin (BTC) is rooted in her belief that the cryptocurrency’s future is intricately tied to technological innovation. Despite Bitcoin’s current price being below its 2021 peak, Wood remains resolute in her prediction of a valuation surpassing $1 million per Bitcoin within the next decade.

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