Ark Invest's Cathie Wood Says Belief In Bitcoin's $1.5 Million Price Target By 2030 Has Grown

Benzinga

2025/01/16

Cathie Wood, the founder of asset management firm Ark Invest, said Wednesday that the firm's conviction in the $1.5 million bull case for Bitcoin BTC/USD in 2030 has strengthened thanks to several ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArk Invest's Cathie Wood Says Belief In Bitcoin's $1.5 Million Price Target By 2030 Has Grown\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2025-01-16 17:39</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>Cathie Wood, the founder of asset management firm Ark Invest, said Wednesday that the firm's conviction in the $1.5 million bull case for Bitcoin BTC/USD in 2030 has strengthened thanks to several ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/25/01/43022063/ark-invests-cathie-wood-says-belief-in-bitcoins-1-5-million-price-target-by-2030-has-grown\">网页链接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.benzinga.com/markets/cryptocurrency/25/01/43022063/ark-invests-cathie-wood-says-belief-in-bitcoins-1-5-million-price-target-by-2030-has-grown\">Benzinga</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARKK","symbol_name":"ARK Innovation ETF","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/25/01/43022063/ark-invests-cathie-wood-says-belief-in-bitcoins-1-5-million-price-target-by-2030-has-grown","article_id":"2503965367","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2025/01/16/Bitcoins-Value-Skyrockets.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/markets/cryptocurrency/25/01/43022063/ark-invests-cathie-wood-says-belief-in-bitcoins-1-5-million-price-target-by-2030-has-grown","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2503965367","pubTimestamp":1737020353,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Cathie Wood, the founder of asset management firm Ark Invest, said Wednesday that the firm&#39;s conviction in the $1.5 million bull case for Bitcoin (CRYPTO: BTC) in 2030 has strengthened thanks to several bullish developments last year.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"ARKK":"ARK Innovation ETF"},"translate_title":"Ark Invest的Cathie Wood表示，人们对比特币2030年150万美元目标的信心有所增强","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKK":1},"content_text":"Cathie Wood, the founder of asset management firm Ark Invest, said Wednesday that the firm's conviction in the $1.5 million bull case for Bitcoin BTC/USD in 2030 has strengthened thanks to several bullish developments last year.\nWhat happened: During an X Spaces discussion on Wednesday, Wood stated, \"Our bull case is at $1.5 million. Our conviction in that bull case has grown,\" owing to what she described as \"greenlights\" in 2024.\n\nhttps://t.co/CeCr8fphhq— ARK Invest (@ARKInvest) January 15, 2025\n\nWood, a veteran stock picker and long-time Bitcoin proponent, has set a base target price of $650,000 by 2030, with an optimistic scenario reaching $1.5 million.\nShe cited the launch of spot Bitcoin exchange-traded funds, the halving that slowed Bitcoin's supply growth, and the presidential victory of pro-cryptocurrency Donald Trump as crucial bullish catalysts for the apex cryptocurrency. \nSee Also: Italy’s Largest Bank Leaps Into Bitcoin Trading With $1 Million ‘Test’ Investment But CEO Says He Doesn’t Invest In BTC Personally\nWood also believed that the victory of a cryptocurrency-friendly candidate would have far-reaching implications for political support for the asset class.\n「I think in the next administration we will probably see more bipartisanship.」\nWhen asked what interesting narratives cryptocurrency investors should look out for in 2025, Wood said she was 「intrigued」 by the growing intersection of technologies, particularly between Bitcoin and artificial intelligence.\n「We think there are convergences among technologies that are going to cause explosive growth opportunities,」 Wood stated. \nWhy It Matters: Should Cathie Wood’s bullish prognosis of Bitcoin hitting $1.5 million by 2030 come true, it would mean a 1400% upside in five years. Interestingly enough, the digital asset has gained 1030% in the last five years.\nNotably, Ark Invest was the first public asset manager to gain Bitcoin exposure at $250 in 2015. \nArk Invest also launched a spot Bitcoin exchange-traded fund last year in conjunction with 21Shares, namely ARK 21Shares Bitcoin ETF ARKB. As of this writing, it was the fourth-largest Bitcoin fund, with nearly $4.73 billion in assets under management.\nPrice Action: At the time of writing, Bitcoin was exchanging hands at $98,703.88, up 1.86% in the last 24 hours, according to data from Benzinga Pro.\nRead Next: \n\nMichael Saylor’s MicroStrategy Not Alone In Bitcoin Acquisition, Says Bitwise Chief Investment Officer: ‘It’s A Bona Fide Megatrend’\n\nPhoto courtesy: Shutterstock $BTCBitcoin$99065.20-1.44%WatchlistOverview$LTCLitecoin$117.420.22%$TRXTRON$0.2339-1.76%ARKBARK 21Shares Bitcoin ETF Common Shares of Beneficial Interests$98.88-0.52%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. 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