While Bitcoin hovers just above $105,000, ARK Invest’s Cathie Wood isn’t backing down from her long-held view that the asset could hit $1.5 million within five years.
In a recent discussion, she pointed to surging institutional interest, limited supply, and Bitcoin’s role as a decentralized monetary network as key drivers of potential exponential growth.
Wood argues that Bitcoin’s scarcity — combined with trillions in capital managed by institutions now entering through ETFs — could trigger a massive supply-demand imbalance. She sees Bitcoin not merely as a store of value, but as the foundation of a new financial system, reinforced by its unbroken network security.
Despite short-term volatility, she believes long-term value creation is inevitable. And while some, like MicroStrategy’s Michael Saylor, envision Bitcoin reaching even higher figures over the next two decades, other analysts offer more conservative forecasts, ranging between $150,000 and $500,000 by 2030.
Still, the consensus remains optimistic: Bitcoin is transitioning from speculation to a serious institutional-grade asset. Whether it hits seven figures or not, it’s increasingly viewed as a core holding in the digital age — one that continues to attract believers like Wood, who see it as more than just a bet, but a revolution in motion.
The Bitcoin market is entering a complex phase marked by rising realized profits, reduced whale balances, and historically prolonged sideways price movement.
European banking giant UniCredit is preparing to offer its professional clients a new investment product linked to BlackRock’s spot Bitcoin ETF (IBIT), according to a report by Bloomberg.
Connecticut has officially distanced itself from government adoption of digital assets like Bitcoin. On June 30, Governor Ned Lamont signed House Bill 7082 into law, placing sweeping restrictions on how the state and its agencies can engage with cryptocurrencies.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.