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Cathie Wood Predicts Bitcoin to Reach $1.5 Million by 2030
#Cryptocurrency #Bitcoin #bitcoin - BTC #BinancePizza
Cathie Wood, CEO of Ark Invest, believes Bitcoin will hit $1.5 million by 2030. Wood's projection is based on factors like growing institutional interest and global acceptance of Bitcoin as a store of value. In an interview, Wood shared Ark Invest's BTC price targets, with a base case of $700,000 - $750,000 by 2030 and a bullish scenario of $1.5 million. She cites Bitcoin's potential to capture a share of the gold market and gain credibility through investments from traditional institutions and government regulations. Despite being a relatively young asset, Bitcoin ranks as the sixth most valuable, ahead of silver and major companies. Wood expects institutional adoption to increase with regulatory clarity and operational improvements. She also notes the remaining Bitcoin supply and the asset's diverse use cases as key drivers of its value. Currently, Bitcoin is trading at $103,312, up 22.62% in the last month.
#Cryptocurrency #Bitcoin #bitcoin - BTC #BinancePizza
Cathie Wood, CEO of Ark Invest, believes Bitcoin will hit $1.5 million by 2030. Wood's projection is based on factors like growing institutional interest and global acceptance of Bitcoin as a store of value. In an interview, Wood shared Ark Invest's BTC price targets, with a base case of $700,000 - $750,000 by 2030 and a bullish scenario of $1.5 million. She cites Bitcoin's potential to capture a share of the gold market and gain credibility through investments from traditional institutions and government regulations. Despite being a relatively young asset, Bitcoin ranks as the sixth most valuable, ahead of silver and major companies. Wood expects institutional adoption to increase with regulatory clarity and operational improvements. She also notes the remaining Bitcoin supply and the asset's diverse use cases as key drivers of its value. Currently, Bitcoin is trading at $103,312, up 22.62% in the last month.
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