Founder and CEO of ARK Investment Management,
Cathie Wood believes Bitcoin’s value will reach at least $1.5 million by
the time 2030 rolls around, growing by 15x from its current price.

In a recent interview on the YouTube channel The Diary of a CEO, Wood breaks down the main reasons why she believes BTC

btc0.06% Bitcoin’s value is bound to skyrocket to at least $1.5 million within the next few years.

The ARK Investment
CEO mentioned several core pillars which make up the “building blocks”
of BTC’s growth in the market. One of the major drivers is institutional
investments from corporate holders such as Arkham, Strategy and
Metaplanet.

“Bitcoin is more of an investment because it does appreciate
overtime. Now you go through [it], it’s volatile. No question. And
that’s the first thing people have to know about it. But it is becoming
less volatile as more and more investors hold it,” she said in the
interview.

According to Wood, a lot of institutional investors have just started
to gravitating towards BTC. Therefore, she believes the crypto space
will see a flurry of demand from institutional holders who see the
appeal of Bitcoin as a new asset class that offers diversification for
business portfolios.

Wood remarked that the world has not had a new asset class since the
1600s with the introduction of equities. Since then, the global market’s
has been occupied by the same traditional assets including stocks, bonds, commodities and real estate. However now, there is a recent shift towards Bitcoin as a desirable asset.

“If this asset does not perform like other assets, in other words, it
provides diversification for funds. And because it is behaving
differently, institutions have to consider it,” said Wood.

Wood believes the institutional players currently rushing to adopt
Bitcoin are late, considering there is only 1 million BTC left to be
minted by miners, which represents only around $100 billion worth of
untapped capital.

“So they’re [institutions] just now committing and there’s only $100
billion of new market cap that is going to be created. Whereas they have
trillions of dollars under management,” said Wood.

“And so we think there will be a lot of incremental demand, and to
satisfy a lot of that demand. Someone’s going to have to sell,” she
continued.

Institutional appetite for Bitcoin

Wood’s statement indicates a wider trend among institutional
investors which are just now discovering the advantages of holding
Bitcoin. Back in May, Matrixport analysts found
that unlike previous bull markets, the rally that raised BTC to a new
all-time high of $111,814 was mostly driven by institutional demand,
instead of the retail investors.

This means that more institutional investors such as major companies
and financial management firms are crowding the market now more than
ever before. In fact, at least 61 corporate treasuries currently hold a
combined 3.2% of the total BTC supply according to Standard Chartered’s
Bitcoin report.

Most recently, Japanese investment firm Metaplanet announced its plans to acquire 210,000 BTC by 2027, aiming to own 1% of the total supply of global BTC. Meanwhile, Michael Saylor’s Strategy remains the largest corporate holder of BTC, possessing 580,955 BTC as of June 9, holding around 2.7% of the total Bitcoin supply.