Bitcoin

Read

<div class="cryptonews">
 <p class="is-style-lead">ARK Invest CEO Cathie Wood has a “base case” for $BTC going to $600k by 2030 but a “bull case of $1.5m by 2030”.</p>
 <p>In a recent appearance on CNBC, Cathie Wood, CEO of Ark Invest, reaffirmed her optimistic 2030 Bitcoin <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> predictions. Wood’s projections include a bear case of $258,500, a base case of $682,800, and a bullish scenario of $1.48 million. Wood disclosed that 25% of her net worth is invested in Bitcoin.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">CEO of Ark Invest, Cathie Wood, doubles down on her 2030 #Bitcoin <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> predictions <br><br>Bear case: $258,500<br>Base case: $682,800<br>Bull case: $1.48M<br><br>History is in the making. pic.twitter.com/VEqpRHwu0H</p>— The ₿itcoin Therapist (@TheBTCTherapist) January 11, 2024
   </blockquote>
  </div>
 </figure>
 <p>This announcement comes on the heels of the approval of the Bitcoin Exchange-Traded Fund (ETF), with a <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $44,500 pre-approval on Wednesday. Within the first hour of trading this morning, Bitcoin soared to $49,000 with $2 billion in volume, showing the ETF’s immediate impact on the market.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Coinbase’s Bitcoin OTC trading volume reaches second-highest level in history
 </div>
 <blockquote class="wp-block-quote">
  <p>“We believe that Bitcoin is a public good. What we have here, we believe, is a financial super highway. It is the layer of the internet that developers did not build in, in the early 90’s, because no one ever foresaw commerce or financial services.”</p> <cite>Cathie Wood on CNBC</cite>
 </blockquote>
 <p>Cathie Wood’s consistent bullish outlook on Bitcoin (BTC) is rooted in her belief that the cryptocurrency’s future is intricately tied to technological innovation. Despite Bitcoin’s current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> being below its 2021 peak, Wood remains resolute in her prediction of a valuation surpassing $1 million per Bitcoin within the next decade.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Ark’s Cathie Wood condemns SEC Chair, says Gensler ‘denigrated’ crypto
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cathie-wood-has-1-5-bull-case-for-bitcoin-price-by-2030-tbt76324.html">https://thebittimes.com/cathie-wood-has-1-5-bull-case-for-bitcoin-price-by-2030-tbt76324.html</a></p>

Cathie Wood has $1.5 bull case for Bitcoin price by 2030

TheBitTimes

Other articles published on Jan 11, 2024

BCP Webinar Unveils Key Trends Shaping Wholesale Industry in 2024

SEC Official Criticizes Bitcoin-Based Investment Products

POOH Price Bounces Back From 200 EMA: Can Bulls Reclaim Highs?

Impact of the US’s First Spot Bitcoin ETF Approval on Asia’s Crypto Scene

Injective (INJ) And Bitcoin (BTC) Investors Look To Take Profits And Dip Them into Presale Gem Pu...

Mantle Price Jumps Over 20% Today! Will MNT Price Hold Its Gains?

Join our free newsletter for daily crypto updates!