Cathie Wood, founder of Ark Invest, was interviewed by CNBC on the first day of trading after the adoption of the Bitcoin spot ETF, predicting that the future price of Bitcoin will fall between US$600,000 and US$1.5 million.
(This article is not investment advice)
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ToggleBitcoin price may reach $1.5 million by 2030
In an interview on the first day of trading after the adoption of the Bitcoin ETF, female stock goddess Cathie Wood said that according to her company’s optimistic scenario predictions, the price of Bitcoin may reach $1.5 million by 2030. Especially after the SEC approves the Bitcoin spot ETF, there is a greater chance of achieving this.
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Wood said that Bitcoin will be the first global, decentralized, digital currency system based on certain rules, which is a very big innovation.
Even if the forecast of US$1.5 million cannot be reached as expected, Wood also predicts that the price level may be US$600,000 in a more basic situation. However, this is equivalent to the market value of BTC needing to exceed US$10 trillion to reach the same size as the market value of gold.
Compilation of BTC price predictions from various institutions
Many institutions have recently responded to the SEC's adoption of Bitcoin spot ETF events and have predicted future long-term price changes:
- VanEck: $100,000 by the end of 2024.
- Matrixport: Breaking through $60,000 in April 2024 and rising to $120,000 by the end of the year.
- CryptoQuant: $160,000 in 2024.
- Bernstein: Rising to $150,000 in 2025.
- Standard Chartered Bank: Raised its forecast for Bitcoin price to reach US$200,000 in 2025.
- Glassnode: Bitcoin spot ETF will bring $70 billion in capital in the long term.
Overall, almost all institutions predict that the price of Bitcoin can reach more than $100,000 in the next two years.
(This article is not investment advice)
