Cathie Wood's Bold Move: Double Bitcoin Price Target to US$ 3.8 Million by 2030

1. Cathie Wood Raises Bitcoin Price Prediction to US$ 3.8 Million by 2030: Key Insights Revealed

2. Revealing Key Insights: Cathie Wood's Bitcoin Prediction Rises to US$ 3.8 Million by 2030

3. Cathie Wood’s Bitcoin Price Outlook Soars: Key Forecast Insights

4. Investigating Cathie Wood's Bitcoin Prediction: Key Insights Revealed

5. Cathie Wood’s Bitcoin Price Projection: Key Insights Revealed

Cathie Wood, CEO of ARK Invest, made headlines with her bold prediction that Bitcoin could skyrocket to a staggering $$ 3.8 million by 2030. This ambitious prediction was revealed during the Bitcoin Investor Day conference in New York, as reported by Business Insider . Wood suggests that if institutional investors allocate just over 5% of their portfolios to Bitcoin, it could boost the cryptocurrency's market cap by several hundred thousand, potentially adding around $$ 2.3 million to its value.

Bitcoin's current trajectory reflects bullish sentiment, with its value increasing approximately 58.12% since the beginning of the year. According to data from Coinglass, Bitcoin is currently trading at around US$ 66,900. This growth is closely aligned with one of Wood's previous predictions from January, where she predicted that Bitcoin would reach $$ 1.5 million per token by 2030. Wood also points to the role of the US Securities and Exchange Commission's stance on institutional investments in Bitcoin, which could potentially boost the price of Bitcoin. surpassing the mark of US$ 1 million and towards the target of US$ 3.8 million.

Wood’s predictions are echoed by analysts at QCP Capital, who anticipate that ETFs will bring a “broad rotation of liquidity” after the April 2024 halving, propelling Bitcoin to new highs.