Cathy Wood from ARK Invest will expect Bitcoin to reach $ 1.5 million by 2030 – here is the reason
Cathy Wood, CEO of Asset Management Company ARK Invest, Bitcoin (BTC) supported a price point worth $ 1.5 million by 2030. The American investor and the defense of encrypted currencies were based on this projection on multiple factors, including high institutional investment and global recognition of Bitcoin’s ability to work as a value store.
Building blocks for the glory of bitcoin
in A recent interview With CNBC, Cathie Wood shared the future expectations of the ARK Invest for BTC as prepared by the company’s market analyst, David Boyle. In the basic status scenario, Wood explains that ARK Invest is expected to reach Bitcoin to a goal of between 700,000 dollars – 750,000 dollars by 2030, with the possibility of trading at $ 1.5 million in the case of a bull.
According to BTC supporter, these numbers are reasonable based on some factors that are likely to serve as building blocks for bitcoin dominance. First, Cathy Wood talks about the capabilities of the original to seize some parts of the gold market share or attract its market as more investors begin to see the encrypted currency as a value store.
It is worth noting that Bitcoin has gained more credibility and appreciation in recent years after investments from traditional financial institutions and focus on regulatory policy by governments around the world. In the United States, this focus has led to multiple developments, with the launch of the most important investment funds circulating in the United States.
Although he was only 17 years ago, Bitcoin Rows As the sixth most valuable assets, before commodities such as silver and companies such as ARAMCO Saudi Arabia, Meta, Tesla, among other things. Moreover, Cathy Wood emphasizes that institutional investment and BTC adoption are still in the early stages.
It is expected that the creation of a federal organizational encoding framework and the continuous removal of operational bottlenecks under the Donald Trump administration will stimulate the institutional embrace of Bitcoin due to its capabilities only as a reservoir, but also the possibility of great returns due to the fluctuations of the encryption market.
1 million BTC still without touching
In supporting the bold prediction of ARK Invest, Cathy Wood highlights the fact that there are still more than a million bitcoin symbols that have not yet been sold. This indicates that there is still a suitable offer for the market to suit the expected institutional demand.
Finally, the CEO of ARK Invest states cases of the emerging market in BTC, such as an inflation, cross -border transactions, and active donations, among other things as part of the value engines of this original.
At the time of this report, the first cryptocurrency is traded at $ 103312, which reflects a 22.62 % profit last month.
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