Cathie Wood Doubles Down On $1.5 Million Bitcoin Price By 2030, Market Reacts
2025-02-14
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Ark Invest CEO Cathie Wood has reiterated the firm’s bull case scenario for Bitcoin amid emerging factors. Cathie Wood previously projected the asset to soar over $1 million by 2030 in the wake of increasing institutional appetite and government adoption. This comes after headwinds rocked crypto prices this month following United States trade wars. With struggling prices, bulls still hold on to fundamentals backing a higher price.
The Odds Have Gone Up- Cathie Wood
In a recent release, Cathie Wood explained Ark Invests Big Ideas for 2025 in the crypto industry. The company set a $1.5 million bull case for the asset at the end of the decade, highlighting factors that could spur the market. According to her, the institutionalization of the asset class has changed the dynamics in recent times as seen from its growth after the launch of spot Bitcoin ETFs. 
Traditional firms are looking to add Bitcoin to their portfolio because of its return and risk profile compared to other assets. This spurred MicroStrategy to make huge BTC accumulations, backing a long-term price movement. Similarly, the publicly listed Japanese company Metaplanet took the same path, increasing Bitcoin holdings as adoption grew. 
“… you’ll see how we get to our base case and our bull case price. Many people know us for our bull case $1.5 million and we actually think the odds have gone up and our bull case would be the right number because of what is becoming the institutionalization of this new asset class. So many institutional investors are now looking at Bitcoin and thinking that they need to add it to their asset allocation…”
Furthermore, she stressed growing stablecoin volumes as decentralized finance takes off. Adopting stablecoins also highlights growing liquidity and adoption in the crypto space.
Bitcoin Price Struggles Amid Projections
On Feb 5, BTC’s price fell below $100k and has struggled to reach previous levels. This wiped significant gains out of the asset, and altcoins are ramping up sell pressures. Bitcoin’s rocky bump follows macro events as the United States raises tariffs on several industries. 
This affected the country’s tech stocks and digital assets. At the time of writing, BTC’s price is $95,562, while the total market cap has moved to $3.16 trillion. Altcoins have also shown signs of a rebound due to rising institutional interest.