Cathie Wood: Bitcoin will reach $650,000 in 2030, and it is still a good investment now

[Cathie Wood: Bitcoin will reach $650,000 in 2030, and it is still a good investment now] According to News.Bitcoin, ARK Invest CEO Cathie Wood recently reiterated her bullish predictions for Bitcoin prices in an interview, insisting that the company's forecast for 2030 remains unchanged despite market fluctuations. It said: In the base case, Bitcoin will be worth about $650,000 by 2030. In the bull case, it is between $1 million and $1.5 million. Ark Invest first introduced these Bitcoin price predictions in its 2023 Big Ideas report released in February last year. Unlike the single prediction in the earlier report, the company proposed three scenarios. Based on the most likely assumptions, the "base case" expects Bitcoin to reach $682,800 by 2030, the "bear case" estimates the price at $258,500, and the "bull case" expects Bitcoin to rise to $1.48 million. Wood stressed that at current prices, Bitcoin is still a good investment, remembering that we were the first public asset manager to invest in Bitcoin at $250 in 2015. Citing Bitcoin’s historical performance during halving cycles, Wood predicted that Bitcoin will continue to gain momentum as inflation decreases and halving events reduce supply.