ARK Invest CEO Cathie Wood has doubled down on her long-term bullish outlook for Bitcoin, reaffirming bold price targets that project significant upside by the end of the decade.
In a recent statement, Wood reiterated ARK Invest’s 2030 forecast for Bitcoin, with a base case of $700,000–$750,000 and a bull case reaching as high as $1.5 million. These projections, recently updated by ARK’s on-chain analyst David Puell, reflect a growing conviction in Bitcoin’s future as a global store of value.
Key Factors Driving the Outlook
Institutional Adoption: Despite growing awareness, Wood points out that institutional investors have only “barely moved in” so far. Increased institutional participation is expected to drive future demand.
Store of Value Market: ARK anticipates Bitcoin continuing to take market share from gold, with strong potential to dominate the broader store-of-value narrative.
Limited Supply: With only about 1 million BTC left to be mined, Bitcoin’s capped supply remains a critical bullish factor amid rising demand.
Emerging Markets: Bitcoin’s utility as a financial tool in emerging markets adds a further layer to its long-term adoption story.
“We think we have miles to go,” Wood emphasized, noting the transformative potential of Bitcoin in both institutional and grassroots use cases.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/bitcoin-price-prediction-from-cathie-wood/