Cathie Wood Projects Bitcoin Price to Hit $3.8M by 2030, Citing Institutional Adoption

Ark Invest CEO Cathie Wood's new forecast significantly raises her previous $1.5M prediction, attributing the increase to growing institutional interest and the impact of new ETF products.

Cathie Wood, CEO of Ark Invest, predicts Bitcoin could reach $3.8 million by 2030, revising her earlier forecast of $1.5 million.
The revised projection is based on the expectation that institutional investors will allocate over 5% of their portfolios to Bitcoin, following the SEC's approval of spot Bitcoin ETFs.
Wood's bullish outlook is supported by the anticipated demand surge from new ETF products and the upcoming Bitcoin halving event.
Despite recent volatility, Bitcoin's resilience and the Federal Reserve's decision to hold interest rates steady have bolstered market sentiment.
Ark Invest's forecast aligns with a broader bullish sentiment on Bitcoin, with the asset considered both a risk-off and risk-on investment.