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Cathie Wood Increases Bitcoin Price Prediction by $2.3M

As bitcoin continues to crash, Ark Invest’s Cathie Wood has made a bigger and bolder price prediction for the crypto asset.

Cathie Wood

The CEO of ARK Invest Cathie Wood recently shared her bitcoin price prediction. Speaking at an investor day in New York, she said that the value of the crypto asset will increase by $2.3 million to as high as $3.8 million by 2030.

“Last year we put out our bull case for Bitcoin. It was $1.5 million. With this institutional green light that the SEC [Securities and Exchange Commission] has provided, kicking and screaming though it did, the analysis we’ve done is that if institutional investors were to allocate a little more than 5% of their portfolios to Bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you,” Wood stated.

Wood Outlines Catalysts for Price Prediction 

According to Wood, bitcoin can attain this price if the crypto asset sees heavy interest from institutional investors. Although the analysis is likely correct, it might be farfetched that institutions would put 5% of their portfolios into Bitcoin within six years. Many institutions are not invested in Bitcoin at all, much less of that percentage of their portfolio.

However, there has been increased institutional investment in Bitcoin this year, particularly since the approval of spot Bitcoin exchange-traded funds (ETFs) in January. The product launch attracted tens of billions in investment making it one of the most successful ETF launches in history. 

While the ETF launch allowed more institutions to access Bitcoin, Wood’s prediction regarding the level of institutional adoption by 2030 appears far far-fetched. Meanwhile, if her predictions happen and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%.

Supporting her price expectations, Wood also mentioned the Bitcoin halving which occurred last month as a further catalyst for the price. If the leading cryptocurrency replicates previous performances after the halving event, its value will see new highs in months. 

Wood’s predictions come as the global crypto market experiences a significant decline. Bitcoin, the leading crypto asset has dropped below the $60,000 mark, trading at $57,231 at press time. 


Faith is a dedicated content writer who is focused on expanding her interest and knowledge about cryptocurrencies and blockchain technology. In her free time, she enjoys listening to music, reading, and traveling.