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 Bank of Japan (BOJ)’s upcoming monetary policy meeting, set for June 16–17, could be the next major catalyst for global risk assets, including stocks and cryptocurrencies like Bitcoin.
MicroStrategy’s executive chairman and a well-known Bitcoin maximalist, has publicly challenged Apple to ditch its underperforming stock buyback program in favor of acquiring Bitcoin.
Cardano has launched Cardinal, a pivotal protocol aiming to bridge Bitcoin’s vast liquidity with Cardano’s decentralized finance (DeFi) ecosystem.
Bitcoin’s price recently dipped to $100,000 but swiftly rebounded, climbing above $110,000 after renewed dialogue between the U.S. and China helped ease global market tensions.