Key Points:
Cathie Wood says Bitcoin is still early in its growth.
Only 5.4% of total Bitcoin is left to be mined.
She believes Bitcoin could reach $1.5 million or more by 2030.
š Why Bitcoin Will Go Higher
Cathie Wood, the CEO of Ark Invest, says Bitcoinās price is just getting started.
Even though Bitcoin is already trading above $104,000, Wood says thereās much more room to grow.
šŖ Bitcoin Is Getting Scarce
Out of the 21 million total Bitcoin supply, only 5.4% (about 1.13 million BTC) is left to be mined.
These remaining Bitcoins will be released slowly over the next 115 years.
Wood says this limited supply makes Bitcoin more valuable over time.
š¦ Institutions Have Not Fully Joined Yet
Wood points out that most big companies and investors have not yet bought Bitcoin.
Bitwiseās Matt Hougan said 95% of investment money hasnāt touched Bitcoin.
Tephra Digital also said Bitcoin is still locked out of $31 trillion in wealth.
This means many big investors still have a chance to buy in ā but theyāll have to either:
ā
Buy new Bitcoin mined each week (only 3,150 BTC after the 2024 halving), or
ā
Offer high prices to convince current holders to sell.
š Most Bitcoin Is in Retail Hands
A report from Bitwise shows that 69% of Bitcoin is held by everyday people (not companies).
So, if big players want more Bitcoin, theyāll have to pay more to get it.
š° Cathie Woodās Bitcoin Price Predictions
Ark Invest shared 3 Bitcoin price targets for 2030:
ScenarioPrice PredictionWorst Case$300,000Mid Case$1.5 millionBest Case$2.4 million
Wood says this growth will come from institutional demand and more countries using Bitcoin.
Cathie Wood believes Bitcoinās best days are ahead, driven by scarcity and strong demand.
Disclaimer: This article is for informational purposes only. It is not financial advice. Always do your own research before investing.
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