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Long-Term Target Price
Wood also revealed ambitious Bitcoin price projections for 2030. Based on ARK Invest analysis:
Basic Case: Bitcoin will reach Rp10,3 billion ($650,000).
Bullish Case: Prices can soar to Rp23.7 billion ($1 million) to Rp35.5 billion ($1.5 million).
The price of Bitcoin briefly touched Rp1.45 billion ($93,477) on November 13 before correcting. However, according to Wood, this bullish momentum is still in a healthy condition, especially after the Bitcoin halving in April 2024.