#AltcoinSeasonLoading This week Ark Invest CEO Cathie Wood CEO explained she believes the U.S. economy is emerging from what she describes as a three-year “rolling recession” triggered by the Federal Reserve’s rate hikes. Wood also noted that Ark has a 2030 bull prediction price target for bitcoin at $1.5 million.

Wood Maps Out a New Bull Era Fueled by AI and Capital Flows

Despite recent market volatility and tariff concerns, Ark Invest’s CEO Cathie Wood framed the current environment as a “global tax cut” scenario, suggesting that efforts to reduce trade barriers and taxes are starting to materialize, clearing up policy uncertainty.

Wood expressed optimism about the months ahead, pointing to rising productivity across sectors, especially within the government and biotech fields. She cited rapid advancements in generative artificial intelligence (AI), including tools now used by the FDA to streamline clinical trial reviews from days to minutes.

According to Wood, this productivity boom could lead to lower-than-expected inflation and create favorable conditions for capital investment. Cathie Wood reaffirmed Ark Invest’s long-term bitcoin projections, crediting Ark’s analyst David Puell for laying out the detailed framework behind these forecasts, highlighting expectations that bitcoin will continue to pull market share from gold.

“So we have always had a 2030 target at the base case in the $700,000 to $750,000 range,” Wood told CNBC’s Andrew Ross Sorkin. “The bull case in the $1.5 million dollar range. David Puell, our onchain analyst, put that piece out recently, and you can see the building blocks, how much share we expect bitcoin to either take from gold or grow that store of value market.”

Wood concluded:

Institutions moving in, and they’ve barely moved in. We have a million more coins, roughly, to be minted ever. 
And institutions are just testing the waters right now, and then there’s the emerging market use cases as well. So we think we have