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Bitcoin To Hit $1.5 Million By 2030? ARK Invest’s Cathie Wood Says Odds Are Rising

Source Bitcoinist

US-based investment management firm ARK Invest’s CEO, Cathie Wood, predicts that Bitcoin (BTC) is on track to reach $1.5 million by 2030. In a recent YouTube video, Wood stated that despite the market’s temporary pullback, the odds of BTC hitting this ambitious price target have increased.

Wood Doubles Down On Bitcoin

After a spectacular 2024 in terms of price appreciation, BTC is currently trading within a tight range of $92,000 to $104,000. At the time of writing, the flagship cryptocurrency is valued at $95,575.

Despite recent price fluctuations, Wood remains bullish on BTC’s long-term potential. In a YouTube video published yesterday, the American investor expressed growing confidence in Bitcoin surpassing the $1.5 million mark. She remarked:

Many people know us for our [Bitcoin] bull case, $1.5 million. 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.

Wood emphasized that an increasing number of institutional investors worldwide view BTC as an emerging asset with a unique risk-return profile. Unlike traditional investments, Bitcoin’s distinct characteristics are compelling large investors to incorporate it into their portfolios.

Institutional interest in BTC has skyrocketed since January 2024, following the US Securities and Exchange Commission’s (SEC) approval of spot BTC exchange-traded funds (ETFs). According to the latest data from SoSoValue, total net assets under spot BTC ETFs currently stand at $111.78 billion.

As more institutional capital flows into BTC ETFs, Bitcoin’s price may rise accordingly. ARK Invest’s Big Ideas 2025 report projects that BTC could reach $1.5 million under its “bull case” scenario by 2030.

BTC Price Depends On Its Growth Rate

According to ARK Invest, BTC would need to maintain an average compound annual growth rate (CAGR) of 58% over the next five years to achieve the $1.5 million price target by 2030. The chart below illustrates these projections in detail.

Alternatively, if BTC follows ARK’s “base case” scenario, growing at 40% CAGR, it could reach $710,000 by 2030. Meanwhile, under a more conservative “bear case” scenario – where BTC grows at 21% CAGR – its price would rise to $300,000 over the same period.

ARK’s BTC price forecasts align with those of several other analysts and financial institutions. For instance, Standard Chartered analyst Geoff Kendrick recently projected that BTC could surge to $200,000 by the end of 2025. Additionally, a weakening US dollar may act as a catalyst that accelerates Bitcoin’s price growth.

However, concerns persist regarding BTC’s store-of-value narrative. A recent report suggested that, despite its long-term potential, Bitcoin is still predominantly treated as a speculative asset. At press time, BTC trades at $95,575, down 2.2% in the past 24 hours.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

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3 hours ago

Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

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