Cathie Wood, also known as the “Queen of Stocks” and the founder of Ark Investment, one of the issuers of Bitcoin spot ETF, recently made a 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.
This is not the first time that 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,” in which they were optimistic 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. The current market value of gold is $12 trillion, while Bitcoin’s market value is as high as $800 billion, indicating a substitution effect.
In addition, a video released by Bitcoin Archive on social platform X yesterday showed Cathie Wood enthusiastically endorsing Bitcoin, while also openly admitting in the interview that at least 25% of her financial assets are invested in Bitcoin.
Related Reports
Queen of Stocks praises Solana: Faster and more cost-effective than Ethereum, SOL rises over 170% in a month.
Ark’s Queen of Stocks: AI will be the inflation terminator, pushing down interest rates, and the US economy will experience a recession but not a severe one.
Securing profits! Queen of Stocks Cathie Wood talks up Coinbase, then sells off shares worth $88.5 million.