By 2030, the first cryptocurrency will reach $650,000 in the base case and the range of $1 million to $1.5 million in the bull case. This opinion was expressed by ARK Invest CEO Cathie Wood in an interview with CNBC.
"We're getting regulatory relief. I think that's one of the most important things from this [US presidential] administration. We're getting regulatory relief on all kinds of innovation," she explained.
Bitcoin is now attracting the attention of institutions and asset managers as a new class, Wood said.
"Not just a global monetary system, but a new asset class. That means that institutions and management institutions are paying attention to the fact that this asset behaves differently than their other assets. I think this is the next big step," added the CEO of ARK Invest.
In January, Wood predicted the first cryptocurrency would be worth $1.5 million in a bullish scenario by 2030. She made the announcement on the first day of trading in an SEC-approved spot bitcoin ETF.
That same month, ARK Invest’s CEO revealed that she holds about 25% of her financial capital in digital gold. She noted that her portfolio is “almost entirely tied to innovation,” including cryptocurrencies.
In May, Wood predicted El Salvador's GDP would grow 10-fold during the five years of Nayib Bukele's new presidency, citing the country's accelerated economic reforms using Bitcoin and artificial intelligence.
Let us recall that in November, after Donald Trump was elected US President, the CEO of ARK Invest predicted an influx of investments into cryptocurrencies and new technologies after the “changing of the guard” at the SEC and FTC.
