As the saying goes, you are bullish when it rises, and bearish when it falls. I predict that BTC will rise to $38 million in 2040!
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Cathie Wood: Bitcoin price could reach as high as $3.8 million by 2030
Cathie Wood told the Bitcoin Investor Day conference in New York that mass adoption by institutional investors and new ETF products meant she predicted the price of Bitcoin could be more than $2 million above its existing price target in a bull case.
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ARK Invest released a Bitcoin outlook report in January, predicting at the time that the price of Bitcoin could reach $1.5 million by 2030. Bitcoin is up 44% so far this year and was trading around $63,768 on Friday.
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Cathie Wood said: “Last year, we proposed a bullish case for Bitcoin with a price target of $1.5 million. The SEC gave the green light to institutional investment, and the analysis we did was that if institutional investors invested more than 5% of their portfolio Allocating to Bitcoin, as we think they will do in the future, that alone would add $2.3 million to the forecast I just gave over time." (Business Insider)
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According to previous news in January, Cathie Wood said in an interview with CNBC: “ARK Invest’s basic prediction of Bitcoin price is to reach the range of US$600,000 in 2030. With the US SEC’s approval of spot Bitcoin ETF, there is a possibility of a bull market. The increase, in a bull market scenario, could reach $1,500,000 in 2030."
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