Bitcoin (BTC) could reach an astonishing $1.5 million per coin by 2030, according to ARK Invest CEO Cathie Wood. She believes institutional adoption is accelerating, making Bitcoin an increasingly attractive asset for large-scale investors.
Wood, a long-time Bitcoin advocate, reaffirmed ARK Invest’s bullish projection, stating that the probability of BTC hitting the $1.5 million mark has increased. “Many institutional investors are now looking at Bitcoin and thinking they need to add it to their asset allocation,” Wood said in a recent video. She emphasized that Bitcoin’s risk-return profile sets it apart from traditional assets, making it a compelling choice for diversification.
Institutional Demand Could Drive Bitcoin’s Next Rally
Bitcoin has been trading below the crucial $100,000 level since early February, affected by global economic uncertainties. However, long-term market sentiment remains optimistic, with many experts seeing BTC as a hedge against inflation and economic instability.
ARK Invest’s latest Big Ideas 2025 report outlines multiple Bitcoin price trajectories. The firm’s bull case assumes a 58% compound annual growth rate (CAGR), leading to a price of $1.5 million per BTC by 2030. The base case scenario projects a more conservative 40% CAGR, putting Bitcoin at $710,000, while the bear case predicts a 21% CAGR, bringing BTC to $300,000.
Wood believes Bitcoin’s growth potential is directly tied to its increasing institutional adoption. The introduction of Bitcoin exchange-traded funds (ETFs) has played a crucial role in attracting institutional investors, bringing fresh capital into the market. Analysts suggest that as more institutions allocate a portion of their portfolios to Bitcoin, demand will surge, further driving up prices.
Also Read: Strategy Resumes Bitcoin Buying Spree, Adds 7,633 BTC After $742M Stock Sale
Bitcoin Needs to Break $100K for a New High
Despite the long-term bullish outlook, Bitcoin’s near-term performance will depend on key technical levels. Analysts note that a break above $100,000 is crucial for BTC to gain momentum toward higher targets. Failing to breach this level could trigger short-term selling pressure, potentially pushing Bitcoin back to $95,000.
Additionally, Bitcoin’s available supply continues to shrink, with only 2.5 million BTC left on exchanges. A supply squeeze, combined with strong institutional demand, could set the stage for a massive rally.
As institutional adoption accelerates and Bitcoin’s scarcity becomes more apparent, Wood’s $1.5 million price prediction may become more realistic in the coming years.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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