Cathie Wood: Bitcoin Could Reach $1.5 Million by 2030
The prospects of Bitcoin reaching $1.5 million are improving as institutional investors continue to expand their holdings in digital assets, according to ARK Invest CEO Cathie Wood.
Since Feb. 4, Bitcoin has been trading below the critical $100,000 level, with investor sentiment dampened by concerns over a global trade war following new import tariffs announced by the US and China.
Despite this temporary downturn, Wood believes Bitcoin’s chances of surpassing $1.5 million per coin have strengthened.
“Many people know us for our [Bitcoin] bull case, $1.5 million,” Wood stated in a video published on Feb. 11, adding:
“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.”
She further noted that an increasing number of institutional investors are considering Bitcoin as a necessary addition to their portfolios due to its unique return and risk profile compared to other assets.
Optimistic price targets from firms like ARK Invest could encourage more institutional interest in Bitcoin.
The continued adoption of Bitcoin ETFs by institutions may also contribute to price increases, as large-scale institutional capital has the potential to significantly influence crypto markets.
According to ARK Invest’s Big Ideas 2025 report, Bitcoin remains on track to hit the $1.5 million “bull case” target by 2030.
Reaching this milestone would require an average compound annual growth rate (CAGR) of 58% over the next five years.
However, ARK Invest’s base case assumes a 40% CAGR, which would put Bitcoin at $710,000 by 2030.
In a more conservative scenario, the bear case projects a 21% CAGR, leading to a Bitcoin price of $300,000 by 2030.
In the short term, Bitcoin’s upside potential remains constrained until it achieves a “decisive break” above $100,000, according to Iliya Kalchev, a dispatch analyst at Nexo.
Traders are increasingly anticipating this breakout, as Kalchev explained in a research note shared with Cointelegraph:
“A failure to breach could lead to short-term selling pressure toward $95,000, while a successful move might push prices toward the next resistance at approximately $106,500.”
Investors are also closely watching for a possible Bitcoin rally driven by a “supply shock,” with only 2.5 million BTC left on crypto exchanges.
A supply shock occurs when strong buyer demand meets a decreasing supply of available BTC, potentially driving prices higher.
Sources:
https://cointelegraph.com/news/bitcoin-odds-1-5-m-increase-institutionalization-cathie-wood
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