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1 Top Cryptocurrency to Buy Before It Soars More Than 3,000%, According to This Wall Street CEO

In the wake of the landmark approval of 11 Bitcoin exchange-traded funds (ETFs), Cathie Wood, chief executive officer of Ark Invest, once again made headlines with her ambitious price target for Bitcoin (CRYPTO: BTC).

Doubling down on her claim that Bitcoin could soar to a price of $1.5 million by 2030, Wood emphasized in an interview with CNBC that the approval of the ETFs only increases the chances of the cryptocurrency reaching her lofty estimates.

Her remarks might seem overly optimistic, but they aren't baseless. Citing multiple factors from her firm's annual Big Ideas report, the case for a seven-figure Bitcoin isn't as crazy it seems. Here's why Wood and her team think its future is so bright

Last but not least is the continued expansion and resilience of Bitcoin's blockchain. Consider that for the past 15 years, the crypto has operated without a single entity overseeing its day-to-day functioning, without skipping a beat. It is an accomplishment nothing short of remarkable. Even better, though, it is growing stronger and more capable by the day.

How Bitcoin hits the seven-figure mark

Each of these aspects individually hold the potential to add to Bitcoin's journey of price appreciation. But Wood says a confluence of forces could produce an effect that is orders of magnitude larger than anything in Bitcoin's history.

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