ARK Invest founder Cathie Wood, Bitcoin 
$91,403He stated that (BTC) will continue to achieve a significant price target over the next five years. In an interview on CNBC Squawk Box, Wood stated that ARK Invest predicts that Bitcoin will exceed the half-million dollar level by 2030.
Bitcoin’s 2030 Target
Cathie Wood said that ARK Invest expects Bitcoin to reach around $650,000 by 2030 in the base case. He stated that in the bull case scenario, this figure varies between 1 million and 1.5 million dollars. Wood emphasized that ARK Invest invested in Bitcoin for the first time in 2015 as a public asset manager at $250 and that it is currently at $90,000, and stated that the value of Bitcoin should increase further.
Wood stated that the increase in Bitcoin’s value will be driven by factors such as expected regulatory clarity and the incoming pro-crypto policies of US President Donald Trump and the adoption of traditional finance (TradFi). He also said he believes a decreasing inflation rate could lead to large increases.
Regulation and Institutional Adoption
Wood used the following statements in his statements on the subject.
“First of all, we have regulatory relief here, and I think that’s one of the most important things this administration has brought. “We will get regulatory relief for all kinds of innovation, including healthcare.”
“Bitcoin is now seen as a new asset class. This means institutions and asset allocators often say, ‘Wait, this asset is behaving differently than all our other assets, we need to include it.’ It means saying. “I think this is the next big move.”
Bitcoin is trading at $91,287 at the time of writing and has increased by 3.7% in the last 24 hours.
Cathie Wood’s predictions are seen as an important reference point in understanding Bitcoin’s future potential and market dynamics. Factors such as regulatory changes and institutional adoption may play a critical role in Bitcoin’s long-term value growth.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
