Cathie Wood, also known as the “female stock god” and founder of Ark Investment, as well as one of the issuers of Bitcoin spot ETFs, recently made another bold prediction in an interview with CNBC. She stated that in a bull market, the price of Bitcoin will reach $600,000 and even $1.5 million by 2030.
In fact, this is not the first time Cathie Wood has made astonishing predictions about the price of Bitcoin. As early as February last year, Ark Investment released a research report titled “BIG IDEAS 2023”, which predicted that Bitcoin could rise to $1 million within 10 years.
As for the reasons for her bullishness, Cathie Wood has previously stated that she believes Bitcoin will continue to rise because it is digital gold, and the current market value of gold is $12 trillion, while Bitcoin is as high as $800 billion, indicating a substitution effect. Cathie Wood also openly admitted in an interview video that she has at least 25% of her financial assets invested in Bitcoin.
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