Bitcoin Bulls Predict $1.5M by 2030

Bitcoin's price has been volatile in recent weeks, with the cryptocurrency briefly dipping below the $95,000 level on Wednesday. Despite this, one prominent investor has reaffirmed her bullish outlook on Bitcoin, predicting that the cryptocurrency could reach $1.5 million by 2030.

Cathie Wood, CEO of Ark Invest, has been a long-time advocate for Bitcoin and first invested in the cryptocurrency in 2015. In a recent video, Wood explained that institutional investors are increasingly looking to add Bitcoin to their portfolios due to its unique return and risk profile. She believes that the odds of Bitcoin reaching $1.5 million have improved as more institutional investors enter the market.

Wood is not the only commentator predicting a significant increase in Bitcoin's price. Eric Trump, son of former U.S. President Donald Trump, has boldly predicted that Bitcoin could hit $1 million, although he did not provide a timeline. Samson Mow, CEO of BTC adoption-focused company JAN3, is even more optimistic, reiterating his prediction that Bitcoin will skyrocket to $1 million this year. Mow believes that this surge will not be gradual but rather a rapid ascension happening in the span of weeks or months.