Bitcoin (BTCUSD)

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Cathie Wood’s Bitcoin Boast

ARK Invest CEO Cathie Wood continues to predict that Bitcoin will be valued at almost $1.5 million within seven years—upping a previous prediction.

KEY DETAILS
ARK Invest released its seventh edition of the Big Ideas 2023 report on February 1, discussing how technologies such as blockchain, artificial intelligence, and electric vehicles will innovate the economy, affirming her positions from a previous January 12 blog post.
Among Cathie Wood’s more audacious claims, she says that Bitcoin will exceed $1.48 million in value by 2030. Her bear market prediction is $258,500.
Her peak prediction would raise the value to more than 6,000 times and value the entire Bitcoin economy at $31 trillion.
Wood affirmed her stance in a Monday CNBC interview, saying crypto is “on the right track.”