Cathie Wood, the CEO of the Ark Invest asset management firm, has backed Bitcoin (BTC) to achieve a price of $ 1.5 million by 2030. The American defender of investors and cryptocurrencies has based this projection on multiple factors, including institutional investment and global recognition of Bitcoin’s capacity to serve as a value warehouse.
Construction blocks to Bitcoin Glory
In Recent interview With CNBC, Cathie Wood shared the future Ark Invest projections for BTC as prepared by the company’s market analyst, David Puelll. In a base case scenario, Wood explains that Ark Invest predicts that Bitcoin reaches an objective price of $ 700,000 – $ 750,000 by 2030, with the potential to operate as $ 1.5 million in a bull case.
According to the BTC proponent, these figures are plausible based on certain factors that probably serve as construction blocks to Bitcoin’s domain. First, Cathie Wood talks about the asset potential to take advantage of some parts of the gold market share or attract its market as more investors begin to see cryptocurrency as a value store.
In particular, Bitcoin has gained more credibility and recognition in recent years after the investments of traditional financial institutions and the regulatory policy approach by governments around the world. In the US, this approach has resulted in multiple developments, with the launch of the US ETF spot. UU. Being the most significant.
Despite existing for only 17 years, Bitcoin range As the sixth most valuable asset, before products such as silver and companies such as Saudi Aramco, Meta and Tesla, among others. In addition, Cathie Wood emphasizes that institutional investment and BTC adoption are still in the early stages.
It is expected that the creation of a federal regulatory cryptographic frame and the continuous elimination of operating bottlenecks under the Donald Trump administration stimulate an institutional hug of Bitcoin due to not only its potential as a refuge but also to the possibility of significant yields due to the volatility of the cryptographic market.
1 million BTC remains intact
When supporting the bitcoin prediction of Ark Invest, Cathie Wood also highlights the fact that there are still more than 1 million Bitcoin tokens still coined. This indicates that there is still an adequate market offer to coincide with the expected institutional demand.
Finally, the CEO of Ark Invest mentions the cases of use of the emerging market of BTC, as a tool for inflation coverage, cross -border transactions and activist donations, among others as part of the value drivers of this asset.
At the time of writing this article, the main cryptocurrency is quoted at $ 103,312, which reflects a gain of 22.62% in the last month.
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