Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cathie Wood: Bitcoin will reach $650,000 in 2030, and it is still a good investment now

Cathie Wood: Bitcoin will reach $650,000 in 2030, and it is still a good investment now

CointimeCointime2024/11/18 06:00
By:Cointime

Cathie Wood, CEO of ARK Invest, reiterated her bullish prediction for the price of Bitcoin in a recent interview and insisted that the company's forecast for 2030 remains unchanged despite market fluctuations. She stated that under normal circumstances, the value of Bitcoin is expected to be around $650,000 by 2030. In a bull market, it could range from $1 million to $1.5 million.

ARK Invest first introduced these Bitcoin price predictions in its 2023 Big Ideas report released in February of last year. Unlike earlier reports with a single prediction, the company presented three scenarios. Based on the most likely assumption, the "base case" predicts that Bitcoin will reach $682,800 by 2030, the "bear case" estimates the price at $258,500, and the "bull case" predicts that Bitcoin could rise to $1.48 million.

Wood emphasized that at the current price, Bitcoin remains a good investment, noting that her company was the first public asset management company to invest in Bitcoin at a price of $250 in 2015. Wood cited Bitcoin's historical performance during halving cycles, predicting that as inflation decreases and halving events reduce supply, Bitcoin will continue to rise.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like