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Bitcoin's Price Could Reach $1.5 Million by 2030: ARK Invest CEO
Generated by AI AgentCoin World
Wednesday, Feb 12, 2025 7:34 am ET1min read
Bitcoin's price could reach $1.5 million by 2030, according to Cathie Wood, CEO of ARK Invest. Wood believes that the increasing institutionalization of digital assets is boosting Bitcoin's chances of hitting this milestone. Despite recent market volatility, Bitcoin's potential to surpass $1.5 million has increased, as more institutional investors are considering adding it to their portfolios due to its unique return and risk profile.
ARK Invest's Big Ideas 2025 report suggests that Bitcoin is on pace to reach $1.5 million by 2030, assuming an average compound annual growth rate (CAGR) of 58% over the next five years. However, the base case scenario projects a 40% CAGR, which would result in a price of $710,000 per BTC by 2030. In the bear case, Bitcoin would see a 21% CAGR, reaching $300,000 by 2030.
In the near term, Bitcoin's upside will be limited until it breaks decisively above $100,000. Traders are anticipating a break above this level, which could push prices towards the next resistance at approximately $106,500. Investors are also hoping for a potential Bitcoin rally driven by a supply shock, where strong buyer demand meets decreasing available BTC, leading to price appreciation.
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