Cathie Wood's Bitcoin price prediction: Everything is just beginning!

Cathie Wood, CEO of ARK Invest, thinks that the positive scenario for Bitcoin ($BTC ) will continue.

Speaking on CNBC's Squawk Box program on November 15, Cathie Wood recalled that ARK Invest was the first public asset manager to invest in Bitcoin at $250 in 2015, saying, "We are at $90,000 and we still think we have a long way to go."

Wood said that Bitcoin is no longer just a global monetary system, but also a new asset class. The CEO of ARK Invest reiterated his price forecast for the next five years, saying, "In our base case scenario for 2030, we see Bitcoin at around $650,000, and in our bull case scenario, we see it at $1 million to $1.5 million."

On November 16, Wood stated that Bitcoin is in a strong position based on onchain data. He also emphasized that Bitcoin’s supply growth fell to 0.9 percent after the halving event in April, marking the first time gold has fallen below its long-term supply growth rate.

In a video released on the X platform on November 11, Wood stated that “stopping” financial regulators such as the Securities and Exchange Commission (#SEC ) and focusing on technological innovations such as artificial intelligence and digital assets would “accelerate” the US economy.

Cathie Wood, who sees BTC’s course as quite positive, has given hope to crypto investors. The majority of investors are expecting #BTC dominance to decline and the start of an altcoin rally.

#CryptoDeNostradame #ParrotBambooCrypto