Cathie Wood Stands Firm on Bold $700,000 Bitcoin Prediction for Investors, Says ‘Bull Case in the $1.5 Million Range’
In a recent reaffirmation of her bullish stance, ARK Invest CEO Cathie Wood has once again predicted that Bitcoin (CRYPTO: BTC) will hit a minimum of $700,000 in the coming years.
What Happened: Speaking at a recent interview, Wood reiterated ARK’s forecast of a minimum 580% surge in Bitcoin’s current value by 2030.
She detailed, “We have always had a 2030 target, the base case in the $700,000 to $750,000 range, the bull case in the $1.5 million range.”
Wood highlighted three primary factors propelling this audacious Bitcoin price prediction. These encompass Bitcoin’s potential to seize a share from gold or expand the store-of-value market, institutions starting to invest in Bitcoin, and emerging market use cases.
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