Cathie Wood, the manager of ARK Invest, has predicted that the price of Bitcoin could reach $1.5 million by 2030. She believes that with increasing institutional investor interest in Bitcoin and its transformation into an independent asset class, the likelihood of this bullish scenario is higher. Wood also emphasized that Bitcoin’s performance in terms of returns and risks has attracted the attention of major financial institutions, encouraging them to allocate some of their assets to this digital currency. According to ARK Invest’s ‘Big Ideas 2025’ report, with an annual compounded growth rate of 58%, Bitcoin could reach this price by 2030. The company’s base scenario predicts Bitcoin reaching $710,000, while the bearish scenario forecasts $300,000.
