bitcoinist.com (nprofile…x94c)
✍️ Cathie Wood, CEO of Ark Invest, predicts Bitcoin to reach $1.5 million by 2030, citing rising institutional investment and global recognition of its store of value potential.
👉 Ark Invest predicts Bitcoin to hit $700,000-$750,000 by 2030 in a base case scenario, with the potential to trade at $1.5 million in a bull case
👉 Bitcoin has gained credibility and recognition in recent years following investments from traditional financial institutions and regulatory policy focus by governments
👉 Institutional investment and adoption of BTC are still in the early stages
👉 There are still over 1 million Bitcoin tokens yet to be minted, indicating an adequate market supply to match expected institutional demand
👉 Emerging market use cases of BTC include inflation hedge, cross-border transactions, and activist donations
#CathieWood #DavidPuell #technology
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Cathie Wood, the CEO of asset management firm Ark Invest, has backed Bitcoin (BTC) to achieve a $1.5 million price point by 2030. The American investor and cryptocurrency advocate has based this projection on multiple factors, including rising institutional investment and global recognition of Bitcoin’s ability to serve as a store of value. Related Reading: […]
https://bitcoinist.com/cathie-wood-predict-bitcoin-hit-1-5-million-2030/