ARK Invest’s Cathie Wood Predicts Bitcoin Could Hit $1.5 Million by 2030

ARK Invest's founder, Cathie Wood, remains steadfast in her prediction that Bitcoin could reach extraordinary heights within the next five years.

Speaking in a recent CNBC Squawk Box interview, Wood outlined her firm’s ambitious price targets for the cryptocurrency, projecting Bitcoin could climb to $650,000 in their base-case scenario by 2030. In a more optimistic outlook, the figure could soar between $1 million and $1.5 million—a gain exceeding 600% from its current levels.

Wood pointed to several key factors driving this outlook. She emphasized the potential for regulatory clarity under the pro-crypto leadership of incoming U.S. President Donald Trump, coupled with growing adoption by traditional finance institutions.

Wood also highlighted Bitcoin’s emergence as a distinct asset class, increasingly recognized by institutional investors for its unique market behavior.

She further noted that Bitcoin tends to experience significant rallies in years following its halving events, especially when the inflation rate declines—a trend she expects to continue as inflationary pressures ease. Having first invested in Bitcoin in 2015 when it was priced at just $250, ARK Invest’s continued bullish stance underscores its long-term confidence in the cryptocurrency’s potential.