Cathie Wood predicts Bitcoin will reach $1.5 million by 2030, driven by its limited supply and increasing demand.
Cathie Wood, founder of ARK Invest, shared her bold predictions about the future of Bitcoin and the market. In a recent interview with Bloomberg, she discussed the potential for important changes in mergers and acquisitions (M&A), driven by regulatory shifts. With the Federal Trade Commission (FTC) opening many opportunities, these changes are anticipated under the Trump administration. Wood sees a wave of M&A, which she says will benefit venture capitalists and startups alike.
Wood doubled down on her optimistic outlook for Bitcoin. She also repeated her belief that the cryptocurrency would reach $1.5 million by 2030. Bitcoin’s value was climbing steadily, breaking past $108,000. Wood says Bitcoin’s unique characteristics, including a limited supply, are responsible for this growth: Unlike gold, where the more you pay for it the more you get, the Bitcoin’s supply is capped at 21 million coins. Wood argues Bitcoin becomes more valuable over time because of this scarcity. However, in 2023, she predicted that Bitcoin would reach 1 million by 2030.
Cathie Wood Sees Bitcoin as Attractive Investment Amid Regulatory Shift
According to Cathie Wood, Bitcoin’s value will continue to increase as demand rises and supply decreases. With the market for cryptocurrency maturing, bitcoin is likely to gain strength as a store of value. Additionally, the new administration may loosen regulatory restrictions that would increase Bitcoin’s adoption and growth. According to Wood, Bitcoin is an increasingly attractive investment because of its constant supply and its potential for massive returns.
Wood has performed well with her ARK Innovation ETF despite her high-risk investment strategies. In 2024, the fund did particularly well with Bitcoin and Tesla. But Wood’s predictions, while extreme, have been rich pickings for her investors.
Wood also talked about Elon Musk’s involvement in the Department of Government Efficiency (Doge), besides Bitcoin. Musk’s experience with regulatory hurdles, she says, makes him uniquely qualified to bring about real change in government.
Finally, Cathie Wood is sure that Bitcoin and the broad market will continue to go higher. However, new opportunities will be unlocked through regulatory changes, while Bitcoin’s scarcity will continue to keep its price growing.
