Cathie Wood Raises Bitcoin Price Target to $3.8 Million by 2030
Friday, 29 March 2024, 09:27
Bitcoin as a Unique Asset
Bitcoin is often viewed as a store of value, contrasting its volatility as a medium of exchange. Ark Investment identifies eight potential demand sources for Bitcoin driving its price appreciation by 2030.
Ark's Forecast for Bitcoin Price
- Bear case: $258,500 (270% upside)
- Base case: $682,800 (880% upside)
- Bull case: $1,480,000 (2,400% upside)
Cathie Wood's Bold Prediction: Wood suggests a potential price of $3.8 million for Bitcoin driven by institutional investments and ETF adoption.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.