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Here's How Much Just $100 In Bitcoin Will Be Worth If Cathie Wood's BTC Prediction Is Correct
Founded in 2014, ARK Invest has rapidly become one of the largest asset management firms globally. Led by Cathie Wood, the company offers a variety of investment products and services, focusing heavily on innovation and technology. In early 2024, the firm partnered with 21Shares to launch a spot Bitcoin ETF (ARKB). The ETF and several others have been largely successful, attracting over $3.2 billion in AUM.
Following the ETF's launch, Cathie Wood has received significant attention for her predictions about Bitcoin's future price.
"With this institutional green light that the SEC [Security and Exchange Commission] has provided, kicking and screaming though it did, the analysis we’ve done is that if institutional investors were to allocate a little more than 5% of their portfolios to Bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you," Wood noted at an investor day conference in New York.
The new prediction is higher than at the start of the year. In January 2024, Wood stated that Bitcoin could hit $1.5 million by 2030 after "the probability of the bull case has increased with this SEC approval. This is a green light." Before approving the spot ETFs, Wood predicted that Bitcoin could reach $1 million by 2030.
Wood's investment thesis on Bitcoin relies on significant levels of institutional adoption. While it is plausible that if institutional investors allocate 5% of their portfolios to Bitcoin, the price could reach $3.8 million, it is unlikely to happen by 2030. Although institutional adoption has increased significantly in 2024, unprecedented changes in the institutional landscape would be required for this to occur.
The prediction for 2030 also factors in the next Bitcoin halving, expected to occur in 2028. Historically, Bitcoin halvings precede higher highs followed by higher lows. If this pattern continues into 2030, the price could peak around 2029 or 2030, potentially aligning with Wood's price prediction.

The Bull Run, what is it??

A “bull run” is when prices keep going up and people feel good about the market. This happens with cryptocurrencies, especially Bitcoin leading the way. During a bull run, prices go higher and higher, which makes investors happy because they see their investments making more money and reaching new records.

Characteristics of the Bull Run
1. Bitcoin price surge
During a bull run, the first big thing you’ll notice is the price of Bitcoin shooting up. It keeps going higher and higher, staying up for a while.

2. Optimism
During a bull run, investors feel good about the market and think prices will keep going up. Everyone in the crypto community gets excited and hopeful. When people feel positive, they buy more, which pushes prices even higher.

3. Increased trading volume
There’s a higher level of buying and selling activity in the market hence there’s an increase in the trading volume recorded across various trading platforms and exchanges.

4. Media attention
The bull runs attract widespread coverage in the media, drawing more people into the market. As the price of Bitcoin and other cryptocurrencies surges, the media spreads the news.

5. New investor influx
More people, including newcomers, start investing in cryptocurrencies. The media attention on cryptocurrency during bull runs makes newbies aware of the crypto market, and they begin to come in in their numbers.

6. Altcoin rally
The party jollof is not left for BTC alone, but many other cryptocurrencies (altcoins) also see substantial price increases. Altcoins hit up to 20x, 100x, 1000x, and even more in profit.

7. FOMO (Fear of missing out)
Investors, both new and old, who haven’t invested in cryptocurrency worry about missing out on potential profits, driving more buys. Most times, they end up as exit liquidity.
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Buy Bitcoin for retirement plan

The no-brainer crypto investment option is Bitcoin, which has an incredible track record of outperforming the broader market. From 2011 to 2021, for example, Bitcoin was the top-performing asset in the world, and it wasn't even close. Bitcoin delivered annualized returns of 230% per year. The next best asset class -- tech stocks -- delivered just 20% per year. While that type of performance will be difficult to replicate going forward, Bitcoin delivered returns of 150% last year, and is up 60% through the first five months of 2024.

With Bitcoin currently trading near its all-time high of $73,750, the big question on the minds of many investors is just how much higher it can go. Some have suggested that Bitcoin could hit $150,000 by the end of 2025. And Cathie Wood of Ark Invest has suggested that Bitcoin could soar to $1 million by 2030. If your retirement horizon is 10, 20, or even 30 years away, the sky's the limit for just how much higher Bitcoin might go.

There's one more factor that makes Bitcoin particularly compelling from a retirement planning perspective: the launch of new spot Bitcoin ETFs in January. Prior to this year, using crypto to save for retirement was pretty much a patchwork, DIY project. It was complicated and not efficient because there was no standardized crypto investment product that individual investors could use for retirement. Now there is. And the thinking now is that Bitcoin ETFs are going to start showing up more and more as options in retirement savings plans.

Bitcoin price falls below $68,000 following transfer worth $9.6 billion from Mt. Gox cold wallet

The price of bitcoin fell below $68,000 following a significant transfer from a Mt. Gox cold wallet.

Early on Tuesday, Mt. Gox appeared to have transferred out bitcoin worth at least $9.6 billion from its cold wallets, according to data from Arkham Intelligence.

Bitcoin's price has decreased by over 1.5% in the past 24 hours and was changing hands for $67,818 at 10:17 a.m. ET, according to The Block’s Price Page. The GM 30 Index, representing a selection of the top 30 cryptocurrencies, increased by 1.42% to 145.45 in the same period.

Expectation of broader trend higher
However, QCP Capital analysts said that a sudden bout of "supply anxiety" will likely be only a blip in a broader upward trend towards the end of the year.

Tuesday's QCP Capital report outlined three reasons to remain bullish on bitcoin in the medium to long term.
"A stronger equity markets led by counters like Nvidia should pull crypto prices higher, crypto is seeing unprecedented political support in the U.S., and we expect strong demand for the ether spot exchange-traded fund (ETF) once it begins trading, bringing in a fresh capital into crypto," the QCP Capital analysts added

Reduced market volatility over the summer

According to Arbelos Markets co-founder Joshua Lim, some of the major creditors of the defunct Mt. Gox exchange are experienced investment firms specializing in distressed debt who likely use hedging strategies to manage the risks associated with their claims. "Some of the largest holders of Mt Gox claims are sophisticated distressed debt investing firms that have likely been hedging their claims positions as they've accumulated them and into a possible distribution," Lim told The Block.

He added that an anticipated increase in cryptocurrency supply from the Mt. Gox creditor payouts and the FTX estate could temper a market upswing over the medium term, resulting in a less volatile market that will trade within a narrow range over the summer.
$BTC #btc
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$BTC made some people worried 😂

$BTC will continue for going to the support…
just my prediction for this month…
#btc #bitcoin

$BTC prediction until 2027,,,
do you agree with this prediction??

Part 4 #StartInvestingInCrypto

we continue talk about blockchain

Distributed P2P Network

However, there is one more method which is used by blockchains to secure themselves, and that’s by being distributed. Instead of using a central entity to manage the chain, Blockchains use a distributed peer-peer network, and everyone is allowed to join. When someone enters this network, he will get the full copy of the blockchain. Each computer is called a node.

Let’s see what happens when any user creates a new block. This new block is sent to all the users on the network. Each node needs to verify the block to make sure that it hasn’t been altered. After complete checking, each node adds this block to their blockchain.

All these nodes in this network create a consensus. They agree about which blocks are valid and which are not. Nodes in the network will reject blocks that are tampered with.

So, to successfully tamper with a blockchain

1. You will need to tamper with all blocks on the chain
2. Redo the proof-of-work for each block
3. Take control of greater than 50% of the peer-to-peer network.

After doing all these, your tampered block becomes accepted by everyone else. This is next to an impossible task. Hence, Blockchains are so secure.

part 3 #StartInvestingInCrypto

we continue talk about blockchain

Each block has :

1. Data
2. Hash
3. Hash of the previous block

Consider the following example, where we have a chain of 3 blocks. The 1st block has no predecessor. Hence, it does not contain has the previous block. Block 2 contains a hash of block 1. While block 3 contains Hash of block 2.

Hence, all blocks are contained hashes of previous blocks. This is the technique that makes a blockchain so secure. Let’s see how it works

Assume a hacker can change the data present in Block 2. Correspondingly, the Hash of the Block also changes. But Block 3 still contains the old Hash of Block 2. This makes Block 3, and all succeeding blocks invalid as they do not have the correct Hash of the previous block.

Therefore, changing a single block can quickly make all following blocks invalid.

Proof of work

Hashes are an excellent mechanism to prevent tempering, but computers these days are high-speed and can calculate hundreds of thousands of hashes per second. In a matter of a few minutes, an attacker can tamper with a block and then recalculate all the hashes of other blocks to make the blockchain valid again.

To avoid the issue, blockchains use the concept of Proof-of-Work. It is a mechanism that slows down the creation of the new blocks.

A proof-of-work is a computational problem that takes a certain to effort to solve. But the time required to verify the results of the computational problem is very less compared to the effort it takes to solve the computational problem itself.
In the case of Bitcoin, it takes almost 10 minutes to calculate the required proof-of-work to add a new block to the chain. Considering our example, if a hacker would to change data in Block 2, he would need to perform proof of work (which would take 10 minutes) and only then make changes in Block 3 and all the succeeding blocks.
This kind of mechanism makes it quite tough to tamper with the blocks, so even if you tamper with even a single block, you will need to recalculate the proof-of-work for all the Blocks

part 2 #StartInvestingInCrypto

we continue talk about Blockchain

The blockchain is used for the secure transfer of items like money, property, contracts, etc. without requiring a third-party intermediary like a bank or government. Once data is recorded inside a blockchain, it is very difficult to change it.

The blockchain is a software protocol (like SMTP is for email). Hence, Blockchains could not be run without the Internet. It is also called meta-technology as it affects other technologies. It is comprised of several pieces: a database, software application, some connected computers, etc.

Sometimes the term is used for Bitcoin Blockchain or The Ethereum Blockchain, and sometimes, it’s other virtual currencies or digital tokens. However, most of them are talking about distributed ledgers.

Blockchain is not Bitcoin, but it is the technology behind Bitcoin
Bitcoin is the digital token, and the blockchain is the ledger to keep track of who owns the digital tokens
You can’t have Bitcoin without blockchain, but you can have a blockchain without Bitcoin.

Blockchain Architecture

Let’s understand the Blockchain architecture by understanding its various components:

A Blockchain is a chain of blocks that contain information. The data which is stored inside a block depends on the type of blockchain.

For Example, A Bitcoin Block contains information about the Sender, Receiver, number of bitcoins to be transferred.

The first block in the chain is called the Genesis block. Each new block in the chain is linked to the previous block.

Understanding SHA256 – Hash

A block also has a hash. A hash can be understood as a fingerprint which is unique to each block. It identifies a block and all of its contents, and it’s always unique, just like a fingerprint. So once a block is created, any change inside the block will cause the Hash to change.

Therefore, the Hash is very useful when you want to detect changes to intersections. If the fingerprint of a block changes, it does not remain the same block.

Continue to part 3 #StartInvestingInCrypto

Blockchain Technology and Cryptocurrency : explain in simple word

You may have heard the term ‘Blockchain’ and dismissed it as a buzzword, or even a technical jargon. But I believe blockchain is a technological advance that will have wide-reaching implications that will not just transform financial services but many other businesses and industries.

Imagine a world where you can send money directly to someone without a bank – in seconds instead of days, and you don’t pay exorbitant bank fees. Or one where you store money in an online wallet not tied to a bank, meaning you are your own bank and have complete control over your money. You don’t need a bank’s permission to access or move it, and never have to worry about a third party taking it away, or a government’s economic policy manipulating it.

This is not a world of the future; it is a world that an avid but growing number of early adopters live in right now. And these are just a few of the important blockchain technology use cases that are transforming the way we trust and exchange value. Yet, for many, blockchain technology is still a mysterious or even intimidating topic. Some even remain skeptical that we’ll use this technology in the future. This skepticism that exists today is understandable because we’re still very early in the development and widespread adoption of blockchain technology.

" The blockchain symbolizes a shift in power from the centers to the edges of the networks." - William Mougayar

2024 is to blockchain what the late 1990s were to the internet. And like the internet, blockchain technology is anything but a fad, it’s here to stay, and if you’re reading this, you’re early too.

What is Blockchain?

Blockchain can be defined as a chain of blocks that contains information. The technique is intended to timestamp digital documents so that it’s not possible to backdate them or temper them. The purpose of blockchain is to solve the double records problem without the need for a central server.

continue to part 2 #StartInvestingInCrypto

Where Does Cryptocurrency Come From?

It’s fairly common knowledge that cryptocurrency is a decentralized digital medium of exchange that isn’t issued by a government or bank. Most people are probably familiar with Bitcoin by now, and you might have heard of Ethereum, too. But those are just two of the more than 5,000 cryptocurrencies vying to be the next big thing.

With that many out there, you might be wondering where they all come from.

No bank and no government means no printing and no minting — but none is needed. Although you can spend it like regular money, cryptocurrency is born from an entirely different process altogether.

All Cryptocurrency Is Software

Many cryptocurrencies, like Bitcoin and Ethereum, are “mined.” Others are not. More on that in a moment.

No matter the origination process, all cryptocurrency is software that is created by code. That code determines absolutely every function associated with the cryptocurrency, from the way data are stored and how transactions are recorded to the distribution of mining rewards and the maximum supply of tokens to be produced.

With that many out there, you might be wondering where they all come from.

No bank and no government means no printing and no minting — but none is needed. Although you can spend it like regular money, cryptocurrency is born from an entirely different process altogether.

All Cryptocurrency Is Software

Many cryptocurrencies, like Bitcoin and Ethereum, are “mined.” Others are not. More on that in a moment.

No matter the origination process, all cryptocurrency is software that is created by code. That code determines absolutely every function associated with the cryptocurrency, from the way data are stored and how transactions are recorded to the distribution of mining rewards and the maximum supply of tokens to be produced.

what are the advantages of crypto part 3 #StartInvestingInCrypto

Transparent

With the decentralized nature of blockchains, one can view the money transfer transactions by simply using blockchain explorer on the platform to track live transfers. This open and transparent system is a relief among investors and is corruption-free.

Private

There is no third-party intervention due to which your account has a level of privacy. On the blockchain, investors have an identifier and your wallet address as the transactions are pseudonymous and nothing personal about you. There are even many coins that focus on privacy to enhance the cryptocurrency nature of privacy.

Currency Exchanges Are Done Effortlessly

Investors can purchase cryptocurrency using currencies like the U.S. dollar, Indian rupee or European euro. Various cryptocurrency exchanges and wallets help investors to trade in crypto and convert currencies with minimum transaction charges across different wallets.

What Are the advantages of cryptocurrency part 2 #StartInvestingInCrypto

Decentralization

Cryptocurrencies are a portrayal of a brand-new decentralization model for money. They also help to combat the monopoly of a currency and free money from control. No government organizations can set the worthiness of the coin or flow, and that crypto enthusiasts think makes cryptocurrencies secure and safe.

Diversity

Investments in cryptocurrency can generate profits. The market has extended immensely over the past decade. There is a limited history of the price activity of the cryptocurrency markets, so far they appear unrelated to other markets like stocks or bonds. That makes cryptocurrencies a fine source of portfolio diversification. If you combine assets with less price correlation, you can have more stable returns. For example, if your stock collection goes down, your crypto asset might go high and vice versa. However, cryptocurrency is normally very volatile and in the end, might increase your portfolio’s volatility if your asset allocation is heavy on cryptocurrency.

Accessibility

Investors just need a computer or a smartphone with an internet connection to use cryptocurrency. There’s no identification verification, credit check, or background to open a cryptocurrency wallet. It is way faster and easier compared to old financial institutions. It also allows individuals to effortlessly make internet transactions or send funds to someone.

Safe And Secure

No one can access your funds unless they gain access to your crypto wallet’s private key. In case you forget or lose your key then you cannot recover your funds. Further, the transactions are secured by the blockchain system along with the scattered network of computers that verify the transactions. It’s more secure if investors keep crypto assets in their own wallets. The transactions are secured by the usage of public and private keys, proof of work or proof of stake and other various forms of incentive systems.

What Are The Advantages of Cryptocurrency?
Cryptocurrency has gained popularity among investors globally. With technological involvement and industrialization, digital currencies are obtaining a satisfactory position over others, for example, Bitcoin. By using Cryptocurrency it gets easy to transfer money without any involvement of banks and other financial institutions.

Let us see a few more advantages of it:

Inflation Protection

Due to inflation, the value of many currencies decline. Many folks see cryptocurrency as offering protection against inflation. Bitcoin has a hard cap on the whole number of coins that will ever be minted. For example, as the growth of the money supply overtakes the growth in the supply of Bitcoin, the price of Bitcoin shall increase. Many other cryptocurrencies use the same mechanism to cap supply as well as can act as a safeguard against inflation. In terms of quantity, there are only 21 million Bitcoins released as specified by the ASCII computer file. Therefore, because of an increase in demand, the value will rise which might keep up with the market and prevent inflation in the long run.

Transactional Speed

If you wish to transfer money to your loved ones for example, in the United States, there are a few ways to move assets or funds from one account to another very quickly. Cryptocurrency transactions are done in a matter of minutes and that is appealing to many. Within U.S. financial institutions, most of the transactions are settled in three to five days and wire transfers take at least 24 hours.

Cost Effective Transactions

Cryptocurrencies can help transfer funds globally. The transactional cost with the help of cryptocurrency can be minimal or zero. It is negligible as it eliminates the need for third parties like VISA to confirm transactions.

continue to part 2 #StartInvestingInCrypto

Part 6 #StartInvestingInCrypto

4. Asymmetric bet

My goal is to become financially independent as quickly as possible. For that, I want to make asymmetric bets — very high risk and high reward bets.

Bitcoin is currently trading around $68K as of writing. It’s the only liquid and accessible asset that has the potential to increase by > 50X in the next 10 years.

It has been the best performing asset in the last 10 years and I think it will continue to be so for the next 10 years.

5. Strong Fundamentals

Bitcoin was invented only 14 years ago and it’s no longer a niche product used by tech geeks.

Over 18.5 Million bitcoin have been mined and more than 700K people have more than 1 BTC.

Bitcoin’s programmatic supply schedule is beating the fed’s systematic money printing.

Bitcoin network is the most secure computing network in the world. There has been an 5x increase over the last three years, which includes the 2022–2023 bear market.

These fundamentals continue to paint an optimistic case for Bitcoin.

Risks and Limitations

Like any other asset, there are myriads of risks. Here are the ones I’m concerned about:

Bitcoin still has this image of a speculative tool. Several institutions have adopted it this year and a ton more will do it in 2021 when the real FOMO kicks it. However, it still doesn’t have that mainstream adoption to take it to next level yet.
It’s decentralized so it will face a lot of resistance from banks, governments, custodians before it gets mainstream adoption it needs to become a more stable store of value.
It’s been 14 years since it’s launched and we still don’t have a major utility. For me, the ideal utility for it would be remittance as that’s a ginormous market that Bitcoin can disrupt. This is already happening at a small scale in developing countries but due to Bitcoin’s volatility and the cumbersome process of BTC to USD settlement, it’s not prevalent yet. But I’m optimistic many big companies will solve this problems.

It will prove to be a great store of value in the long term.

Part 5 #StartInvestingInCrypto

3. Demand from Institutional Investors

For all these years Bitcoin was mainly an asset that was speculated by retail investors.

But due to COVID and the great monetary inflation, every fund manager has to educate themselves about Bitcoin. And make an appropriate allocation for it as they have a fiduciary responsibility to invest in assets to protect and grow wealth.

Especially, in the current environment where interest rates are zero if not negative in some countries and bond yields are near 0. They are running out of assets that are good stores of value. As pomp says

We are entering a period of time where it is becoming more risky to NOT own Bitcoin, rather than having it considered risky to own the asset.

When institutions invest in Bitcoin they are not putting small ticket sizes. Due to their fund sizes and return profiles, they have to allocate hundreds of millions of dollars if not billions into an asset to make any meaningful impact on their portfolio.

Microstrategy: A publicly traded business intelligence software company has invested over $1B into Bitcoin
Square: Another publicly listed company put $50M into bitcoin — about 1% of its assets.
Infamous hedge fund billionaire Paul Tudor Jones has put 1%-2% of his assets in Bitcoin
169-Year-Old MassMutual Invests $100 Million in Bitcoin
These fund managers won’t put hundreds of millions of dollars in something without doing their due diligence. It’s a great validation for Bitcoin to get these institutional buy-ins.

It is a ridiculous reflexive loop — when you’ve got the best performing asset class on earth whose market cap is now investable by institutions, it drags in institutions, which brings the market up, which drags institutions, that cycle is to play out and hasn't even started.

Part 4 #StartInvestingInCrypto

Here are 5 reasons why I invest in Bitcoin.

1. Inflation Hedge/wealth protector

All my assets are denominated in fiat currency/USD and at the same time, the fed is flooding the market with cash. This inherently reduces the purchasing power of the currency. Also, every year inflation erodes 2% of my assets. As Paul Tudor Jones says cash is a wasting asset.

Whether inflation is happening or not depends on what indicators you’re looking at and where you live. But Pomp paints a very interesting perspective:

You merely need investors to BELIEVE that inflation is coming and you will see these assets increase. Investors are constantly moving capital based on what they believe will happen in the future. They buy a stock because they believe it will go up in the future. They buy a home because they believe it will create future cash flow or price appreciation. In the case of gold and Bitcoin, they are buying it today because they BELIEVE inflation is coming and these inflation hedge assets will provide them protection.

2. Scarce Asset

Bitcoin is truly the only scarce asset in the world. Only 21 million bitcoin will ever be mined. No one can print more and flood the market with it to debase it. Econ 101 — Low supply of Bitcoin will lead to higher demand and price in the future.

18.5 million Bitcoin have already been mined. Also, Bitcoin is on a deflationary supply schedule — it will get more and more difficult to mine Bitcoin.

One other key aspect to keep in mind is that even though 18.5 Million bitcoin have been put into circulation, but more than 60% of that has not moved in the last 12 months. This means that less than 8 million Bitcoin are actually available for purchase from the total Bitcoin supply.

When so many people are flocking to buy Bitcoin. Supply and demand economics dictates that Bitcoin is bound to rise in price due to its increased demand and capped supply.

continue to next post

part 3 #StartInvestingInCrypto

Bitcoin is permissionless, trustless, stateless, unregulated, uncensorable, decentralized. Bitcoin is the answer to everything that’s wrong with the futile fiat currency.

Just imagine me and you can transact directly with each other without having to trust any 3rd party.

In spite of Bitcoin being superior to Fiat money, I have a slight contrarian opinion on Bitcoin that it should not be perceived as currency at the moment as we are still early in its adoption cycle.

Instead, investing in Bitcoin should be viewed as investing in an asset just like one would consider investing in any other assets like real estate, stocks, bonds, gold, art, baseball cards etc.
If looked from an investment lense then the question changes to why Bitcoin asset is a good asset class? To answer that let’s look at what has happened in the last 9–10 months.

The US government has systematically weakened the dollar

Most governments usually have 2 tools at their disposal to manipulate the economy — change interest rates and print money to buy assets (Quantitative Easing).

You might be thinking I don’t live in the US. Why do I care what they do? It’s because the US Dollar is the world’s reserve currency. Several countries have pegged their currencies to the USD Dollar.

The US government has printed $9 Trillion Dollars this year to stimulate the economy — that’s two-thirds as much money in the last 6 months as it did over the prior 11 years.

The US government has systematically weakened the dollar

Most governments usually have 2 tools at their disposal to manipulate the economy — change interest rates and print money to buy assets (Quantitative Easing).

You might be thinking I don’t live in the US. Why do I care what they do? It’s because the US Dollar is the world’s reserve currency. Several countries have pegged their currencies to the USD Dollar.

The US government has printed $9 Trillion Dollars this year to stimulate the economy — that’s two-thirds as much money in the last 6 months as it did over the prior 11 years.