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bitcoin

Bitcoin To Hit $1.5 Million By 2030? ARK Invest’s Cathie Wood Says Odds Are Rising

Ash Tiwari
by Ash Tiwari
7 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

US-based investment management firm ARK Invest’s CEO, Cathie Wood, predicts that Bitcoin (BTC) is on track to reach $1.5 million by 2030. In a recent YouTube video, Wood stated that despite the market’s temporary pullback, the odds of BTC hitting this ambitious price target have increased.

Wood Doubles Down On Bitcoin

After a spectacular 2024 in terms of price appreciation, BTC is currently trading within a tight range of $92,000 to $104,000. At the time of writing, the flagship cryptocurrency is valued at $95,575.

Related Reading: 56% Of Financial Advisors More Likely To Invest In Crypto Following 2024 US Election: Survey

Despite recent price fluctuations, Wood remains bullish on BTC’s long-term potential. In a YouTube video published yesterday, the American investor expressed growing confidence in Bitcoin surpassing the $1.5 million mark. She remarked:

Many people know us for our [Bitcoin] bull case, $1.5 million. We actually think the odds have gone up that our bull case will be the right number, because of what is becoming the institutionalization of this new asset class.

Wood emphasized that an increasing number of institutional investors worldwide view BTC as an emerging asset with a unique risk-return profile. Unlike traditional investments, Bitcoin’s distinct characteristics are compelling large investors to incorporate it into their portfolios.

Institutional interest in BTC has skyrocketed since January 2024, following the US Securities and Exchange Commission’s (SEC) approval of spot BTC exchange-traded funds (ETFs). According to the latest data from SoSoValue, total net assets under spot BTC ETFs currently stand at $111.78 billion.

As more institutional capital flows into BTC ETFs, Bitcoin’s price may rise accordingly. ARK Invest’s Big Ideas 2025 report projects that BTC could reach $1.5 million under its “bull case” scenario by 2030.

ARK Invest
Source: ARK Invest

BTC Price Depends On Its Growth Rate

According to ARK Invest, BTC would need to maintain an average compound annual growth rate (CAGR) of 58% over the next five years to achieve the $1.5 million price target by 2030. The chart below illustrates these projections in detail.

ARK Invest 2
Source: ARK Invest

Alternatively, if BTC follows ARK’s “base case” scenario, growing at 40% CAGR, it could reach $710,000 by 2030. Meanwhile, under a more conservative “bear case” scenario – where BTC grows at 21% CAGR – its price would rise to $300,000 over the same period.

Related Reading: US Bitcoin Spot ETFs May Overtake Gold ETFs In AUM By Early 2025, Analyst Forecasts

ARK’s BTC price forecasts align with those of several other analysts and financial institutions. For instance, Standard Chartered analyst Geoff Kendrick recently projected that BTC could surge to $200,000 by the end of 2025. Additionally, a weakening US dollar may act as a catalyst that accelerates Bitcoin’s price growth.

However, concerns persist regarding BTC’s store-of-value narrative. A recent report suggested that, despite its long-term potential, Bitcoin is still predominantly treated as a speculative asset. At press time, BTC trades at $95,575, down 2.2% in the past 24 hours.

bitcoin
BTC trades at $95,575 on the daily chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, Charts from ARK Invest and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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