Cathie Wood Raises Her Predictions: Bitcoin Could Reach $2.4 Million by 2030😳

Cathie Wood, CEO of Ark Invest, has raised her price prediction for Bitcoin by 2030 to $2.4 million, up from her previous estimate of $1.5 million.

Wood explained that this update comes as a result of changes in the estimate of the effective supply of Bitcoin, as data indicates that about 40% of the currency is no longer circulating, either stored in long-term private wallets or lost to the market.

She added that institutional investments, particularly through exchange-traded funds (Spot Bitcoin ETFs), represent the main driver for the expected price growth, with indications that Bitcoin's share in institutional portfolios may reach 6.5% over the next five years.

This expectation comes at a time when Bitcoin is still trying to break the $100,000 barrier, making Wood's estimate a topic of wide debate among investors and experts.

#SaylorBTCPurchase #BTCRebound #BinanceAlphaAlert $BTC