ARK Invest Founder and CEO Cathie Wood Says Bitcoin Will Reach Over $1 Million by 2030

Cathie Wood Predicts When Bitcoin Will Reach $1 Million

She emphasized the uniqueness of Bitcoin as an asset, noting its limited supply of 21 million, most of which have already been mined.

According to Wood, Bitcoin is scarcer than gold because its supply remains constant even as the price rises. This makes the cryptocurrency an attractive long-term investment option. She also noted that the main factors for accelerating growth in 2025 will be the easing of regulatory pressure and support from the Donald Trump administration.

The Donald Trump administration is expected to simplify the terms of doing business, which will stimulate the influx of investment in cryptocurrency and tech startups. Previously, such processes were restrained due to regulatory barriers introduced by the Joe Biden administration.