Bitcoin To Hit Up To $1.5 Million By 2030, Says Cathie Wood

Cathie Wood, CEO of asset management giant Ark Invest, suggested that Bitcoin’s (CRYPTO: BTC) price could hit a base target of $650,000 by 2030, with an optimistic scenario reaching as high as $1.5 million.

What Happened: Wood, a long-time Bitcoin proponent who first invested in the digital asset in 2015, attributes the surge in Bitcoin’s price to two primary factors: regulatory relief on the horizon and Bitcoin's growing distinction from other assets.

In an interview with CNBC on Friday, Wood said she sees institutional interest in ...

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