- Cathie Wood doubles down on her highly bullish BTC prediction.
- She believes that BTC can hit a $1.5 million Bitcoin target by 2030.
- A greater rally for Bitcoin is still in the works.
Earlier this year, several bullish expectations and predictions were placed on the pioneer crypto asset Bitcoin (BTC). These predictions went up to massive ATH targets expected by the end of the year, leaving a BTC ATH price between $200,000 and $500,000, differing between reputed financial experts. Among them was a $1.5 million BTC price target by 2030. Cathie Wood doubled down on her highly bullish prediction even now.
Cathie Wood Doubles Down on Her Highly Bullish Prediction
Just last quarter, expectations were high for the price of Bitcoin (BTC) to hit exceptionally bullish ATH prices by the end of this year. To highlight, these predictions weren’t those of crackpot theorists or bullish moon traders. No, these predictions were based on highly thought-out analytics, years’ worth of price action history, liquidity pumps, and insightful observations made by crypto, economic, and financial experts.
To highlight, some of these financial experts who predicted highly bullish ATH targets for Bitcoin (BTC) in the course of this year and the next year include both Bitmine Immersion’s Tom Lee and Robert Kiyosaki, the author of Rich Dad, Poor Dad. Between these two financial experts, the price of BTC was expected to hit targets between $150,000 and $500,000 by the end of this year and into next year.
Meanwhile, there was another bullish target set for Bitcoin in the mid to long-term period. This prediction came from Cathie Wood, the Founder and CEO of ARK Invest, and Wood says that the price of Bitcoin (BTC) could go on to hit a new ATH of $1.5 million by 2030. This is an incredibly high target, considering each Bitcoin will be worth $1.5 million in the long run.
As we can see from the video in the post above, the current declining price of BTC has led many to believe that this bullish target for Bitcoin (BTC) may no longer be in play. The anchor asks Cathie Wood if she is still sticking to this highly bullish target for BTC to hit by 2030. In response, Cathie Wood reveals that she and ARK Invest are remaining mega bullish for the long-temr success of BTC.
She Expects Bitcoin to Hit $1.5 Million by 2023
As the post confirms, while the market panics over volatility and ETF outflows, Cathie Wood is doubling down on her $1.5 million BTC target by 2030 with no hesitation. According to her, what is happening now is just a temporary risk-off phase. She also states that Bitcoin is only halfway through its 4-year cycle and ARK still sees an active bull market. The post ends by mentioning how the US deregulation is unleashing institutional demand and adding Bitcoin to boost its portfolio performance.
