Supply Shrinks and Demand Soars, Bitcoin Could Reach Rp 39.7 Billion
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CEO of Ark Invest, Cathie Wood, is back in the spotlight after making a staggering prediction regarding the future of Bitcoin. She estimates that the price of Bitcoin could soar to USD 2.4 million or equivalent to Rp 39.7 billion (assuming an exchange rate of Rp 16,574 per coin in 2030, indicating a potential increase of about 2,426% from the current price level.
According to Yahoo Finance, Friday (2/5/2025), this prediction seems very ambitious, especially considering that Bitcoin is currently still struggling to reach the USD 100,000 mark. However, Cathie Wood has her own approach to projecting the price of the world's number one cryptocurrency.
Ark Invest uses an approach called the building block valuation model to assess Bitcoin's growth potential. In this model, Cathie Wood highlights six key sectors that show signs of adoption and growth for Bitcoin.
She then estimates the performance of each sector over the next five years and sums them up to create an overall valuation estimate for Bitcoin.
