Bitcoin News Today: Cathie Wood Predicts Bitcoin Could Hit $1 Million in 5 Years

Cathie Wood, founder and CEO of ARK Invest, has once again voiced her bold projection that Bitcoin’s price could surpass $1 million within the next five years. Speaking in an interview with CoinDesk, Wood emphasized that ARK’s bullish outlook remains unchanged, citing Bitcoin’s growing institutional adoption and its increasing role as a digital store of value, particularly as a potential replacement for gold [1]. She stressed that the asset’s fixed supply and its function as an entry point for institutions into the broader digital asset space are key drivers of its long-term value proposition.

Wood’s comments come at a time when institutional interest in cryptocurrencies is on the rise. Major platforms such as Coinbase and Robinhood are leveraging Ethereum’s Layer 2 solutions, while stablecoins have increasingly anchored themselves on the Ethereum network. ARK has already positioned itself in the Ethereum ecosystem, with investments in entities offering utility and staking services, such as BMNR [1]. While Ethereum is recognized for its higher decentralization and security, Bitcoin’s role as a digital reserve asset remains central to its appeal among institutional investors.

In recent months, Bitcoin has traded near $118,652, marking a significant recovery from earlier corrections and surpassing previous all-time highs. This performance aligns with broader market trends, including a surge in retail and institutional participation, fueled in part by evolving U.S. regulatory environments that now permit crypto assets in 401(k) plans [2]. The overall cryptocurrency market has expanded to nearly $4.1 trillion in market capitalization, reflecting heightened confidence across the industry.

ARK Invest had previously projected a price target of $1.5 million for Bitcoin by 2030 but later revised its estimate based on shifting market dynamics [3]. Nonetheless, the firm’s fundamental thesis remains intact—that Bitcoin’s value will continue to appreciate as its adoption and utility expand. Wood’s prediction is also supported by a broader consensus among industry experts. A group of 25 cryptocurrency specialists recently projected Bitcoin could reach $452,000 by 2030 and $833,000 by 2035 [4]. These forecasts reinforce the belief that Bitcoin is on a long-term upward trajectory, driven by structural factors such as supply constraints and growing demand.

Bitcoin’s historical price patterns further support a bullish outlook. The asset has repeatedly set new all-time highs following major corrections, with significant rallies recorded in 2013, 2021, and early 2025 [5]. Analysts attribute these surges to a combination of supply-side events like the Bitcoin halving and demand-side factors such as macroeconomic conditions and increased institutional engagement.

While Wood’s forecast is widely cited, it is important to note that all such projections are speculative and based on current market conditions and assumptions. Bitcoin’s future performance could be affected by unforeseen events, including regulatory shifts, macroeconomic fluctuations, or broader market sentiment. However, the convergence of bullish forecasts from various analysts and institutions underscores a strong belief in Bitcoin’s potential as a long-term investment [6].

Source:

[1] https://www.theblockbeats.info/en/flash/307166

[2] https://www.financemagnates.com/trending/crypto-market-cap-nears-41-trillion-amid-us-approval-for-401k-plans/

[3] https://player.fm/series/coindesk-podcast-network/why-cathie-woods-ark-invest-modified-its-15m-target-coindesk-spotlight

[4] https://stansberryresearch.com/stansberry-digest/this-trump-backed-order-could-change-crypto-forever

[5] https://www.gate.com/crypto-wiki/article/bitcoin-s-meteoric-past-and-future-price-surges-2025-predictions-and-long-term-outlook

[6] https://www.financemagnates.com/trending/why-bitcoin-price-is-surging-today-bulls-target-140k-btc-as-crypto-rally-accelerates/