Cathie Wood: With ETF Approval, Bitcoin Price Will Reach $1.5 Million by 2030
Cathie Wood, head of ARK Invest funds, is confident that Bitcoin could reach $1.5 million by 2030, writes Business Insider.
This optimism was prompted by the recent approval by the US Securities and Exchange Commission (SEC) of a number of spot Bitcoin ETFs.
But even Wood’s pessimistic forecast is more than 5 times the current price of BTC. According to her, in a bearish scenario, the price of the token could rise to $258,500.
Its base scenario is that the token price will reach $682,800.
