NAIROBI (CoinChapter.com) — Cathie Wood, founder of ARK Invest, has projected that Bitcoin (BTC) could hit $1.5 million by 2030. The prediction underscores Bitcoin’s role in reshaping global finance despite past market turbulence.
Cathie Wood Predicts Bitcoin to $1.5 Million
Cathie Wood’s projection, shared during an X Spaces event, highlights Bitcoin’s potential to reach 15x from its current levels, surpassing $1.5 million by 2030. She emphasized this growth as part of a broader trend positioning Bitcoin to rival gold’s $15 trillion market cap. This stems from Bitcoin’s current $2 trillion valuation and reflects its early-stage potential as a decentralized, finite asset.
Currently, Bitcoin’s market cap sits at $2 trillion, far behind gold’s valuation. “Bitcoin is still in its early stages,” Wood stated, emphasizing its potential to “flip” gold’s dominance. She pointed to Bitcoin’s resilience during market downturns, its decentralized nature, and increasing institutional adoption by firms like BlackRock and Fidelity.
Cathie Wood’s investment strategies highlight her strong belief in Bitcoin and blockchain. ARK’s Innovation Fund, its flagship ETF, recently recorded a 28% monthly gain, its best in nine years. The fund’s $347 million stake in Coinbase makes up 4.5% of its portfolio. It also reflects Wood’s confidence in cryptocurrency’s long-term growth, even during market downturns.
Could Bitcoin Dominate Global Finance?
Institutional momentum continues to strengthen Bitcoin’s case. Federal Reserve Chair Jerome Powell recently referred to Bitcoin as “virtual gold,” acknowledging its role as a competitor to the precious metal.
Meanwhile, CryptoQuant contributor Avocado and pseudonymous trader Mister Crypto highlighted that Bitcoin’s funding rates indicate no signs of the market overheating, suggesting further room for growth.
The possibility of a U.S. Bitcoin reserve under the incoming Trump administration has fueled speculation about Bitcoin’s role in national economies. Bitfinex analysts believe institutional inflows will help mitigate corrections, with conservative projections placing Bitcoin at $145,000 by mid-2025 under favorable conditions.
As Bitcoin’s adoption accelerates, Wood’s vision of a $1.5 million BTC underscores its potential to reshape global financial systems and outpace traditional assets like gold. Her forecast reflects a growing belief in the transformative power of decentralized technologies.
