Cathie Wood Predicts Bitcoin Price Could Reach $1.5 Million by 2030
Cathie Wood, CEO of ARK Invest, believes Bitcoin’s chances of hitting $1.5 million per coin are increasing as institutional investors ramp up their exposure to digital assets.
Currently, Bitcoin has remained below the key $100,000 mark since February 4, following a dip in investor sentiment caused by global trade war concerns and newly announced US-China import tariffs. Despite this temporary setback, Wood maintains an optimistic outlook for Bitcoin’s long-term potential.
“Our bull case for Bitcoin is $1.5 million,” Wood shared in a video on February 11. “We actually believe the odds have improved for this target, driven by the institutionalization of this asset class.”
Wood highlighted that many institutional investors are considering Bitcoin as part of their asset allocation strategy due to its distinct risk-return profile compared to traditional assets in their portfolios.
Optimistic forecasts from major players like ARK Invest are expected to enhance institutional confidence in Bitcoin. The continued adoption of Bitcoin ETFs by institutions could further support its price, as large institutional investments have the potential to significantly impact the crypto market.
Bitcoin Price Could Be on Track for $1.5 Million by 2030
According to ARK Invest’s Big Ideas 2025 report, Bitcoin’s price is on pace to achieve the $1.5 million “bull case” by 2030. For this to happen, Bitcoin would need to maintain an average compound annual growth rate (CAGR) of 58% over the next five years.
In ARK Invest’s base case, a 40% CAGR would lead to a Bitcoin price of $710,000 by 2030. Meanwhile, their bear case predicts a 21% CAGR, which would push Bitcoin’s value to $300,000.
However, Iliya Kalchev, a dispatch analyst at Nexo, warned that Bitcoin must first break through the $100,000 resistance level to gain short-term momentum. “Traders are expecting a decisive move above $100,000. Failure to do so could result in short-term selling pressure towards $95,000, while a successful breach could lead to prices climbing towards the next resistance level at approximately $106,500,” Kalchev wrote in a research note shared with Cointelegraph.
Additionally, investors are eyeing a potential Bitcoin rally driven by a “supply shock,” with only 2.5 million BTC remaining on crypto exchanges.
Conclusion
Cathie Wood’s forecast of Bitcoin reaching $1.5 million by 2030 highlights the growing confidence in the asset’s future, particularly among institutional investors. With institutional adoption accelerating and price forecasts optimistic, Bitcoin is positioned to play an increasingly prominent role in the global financial landscape.
Read Also: Analysts Predict 90% Chance of Litecoin ETF Approval in 2025
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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