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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

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    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    Avalanche Selects Funtico to Support Indie Game Developers

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    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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  • Guides
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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

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    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

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    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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Home Bitcoin

‘Bitcoin will be the biggest…’: Cathie Wood predicts this for BTC by 2030

March 11, 2024
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‘Bitcoin will be the biggest…’: Cathie Wood predicts this for BTC by 2030
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Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

As Bitcoin [BTC] surges onward, forecasts from ARK Invest CEO Cathie Wood hint at an even more extraordinary trajectory.

Wood’s predictions envision a remarkable price milestone of $1 million for BTC by 2030. 

In a recent interview with the New Zealand Herald, Wood delved into the evolving landscape of institutional participation, shedding light on institutions’ pivotal role in driving Bitcoin’s rise. 

She noted, 

“Bitcoin alone is going to be the biggest part of the entire crypto asset ecosystem.”

Will BTC stand the test of time? 

Since the launch of the United States’ first spot exchange-traded funds (ETFs) for Bitcoin, Cathie Wood has highlighted the significant transformation within the cryptocurrency space. 

Emphasizing the impact of spot ETFs, Wood noted that even ARK Invest, her own firm, has revised its bullish stance on BTC.

Previously targeting $1 million per BTC by 2030, Wood while acknowledging the regulatory approval, elaborated,

“That target — it was before the SEC gave us the green light, and I think that was a major milestone, and it has pulled forward the timeline.”

Despite this progress, Wood brought up the absence of major institutions like Morgan Stanley, Merrill Lynch, or Bank of America from the institutional push into Bitcoin, highlighting, 

“No platform has approved Bitcoin yet, so all of this price action has happened before they approve it, and so we haven’t even begun.”

Given these factors, Wood suggested that the initial $1 million target by 2030 now appears conservative.

Remarking on the same, James Van Straten, a research and data analyst at CryptoSlate, simply said,

“It’s going to be a wild week.” 

The ongoing expectations   

As Bitcoin continues its upward trajectory to unprecedented highs, traders and analysts will anticipate an ongoing price discovery driven by ETF inflows in the coming week, signaling sustained momentum.

See also  Multiple spot Bitcoin ETFs to begin trading on CBOE tomorrow, pending SEC approval

Cathie Wood’s suggestion of a substantially higher target, coupled with James’s emphasis on Bitcoin surpassing $70,000, illustrates the evolving dynamics shaping the cryptocurrency landscape.

Previous: LBank Labs and BlockNews host Web3 summit Dubai 2024 with DIFC and DMCC as official partners
Next: Web3 and the future of Bets.io

Tags: biggestBitcoinBTCCathiePredictsWood

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