Cathie Wood’s $3.8 Million Bitcoin Vision Met With Doubt: 83% Say Not By 2030
Ark Invest CEO Cathie Wood has laid out several price targets for Bitcoin (CRYPTO: BTC) including a bull case of $3.8 million if more companies add the cryptocurrency to their balance sheet. Benzinga readers see this price target as not likely to be reached by Wood’s projection of 2030.
What Happened: Wood has shared several price targets for Bitcoin over the years, which might seem more realistic given that the leading cryptocurrency has hit multiple all-time highs since the 2024 presidential election.
Earlier this year, Wood laid out her price targets for Bitcoin based on a bear case, base case and bull case for the year 2030. Wood also added a new bull case that includes the highest price Bitcoin could potentially reach by 2030 if companies allocated 5% to Bitcoin.
- The price targets are:
- Bear Case: $258,500
- Base Case: $682,000
- Bull Case: $1,480,000
- Bullish Case: $3,800,000
Benzinga recently asked readers if they thought Wood’s highest price target could be reached by the year 2030.
“Will Cathie Wood’s Bitcoin price prediction of $3.8 million by 2030 come true?” Benzinga asked.
The results were:
- No, Bitcoin will never reach $3.8 million: 34%
- No, Bitcoin won’t reach $3.8 million by 2030: 25%
- Bitcoin could reach $3.8 million, but not by 2030: 24%
- Yes, Bitcoin will reach $3.8 million by 2030: 17%
The poll found that only …
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