Bitcoin Will Cross $1 Million By 2030: Ark Invest CEO Cathie Wood
Bitcoin is hovering around the $20,500 mark on Friday after jumping nearly 10% in the last two weeks. The leading crypto is now backtracking in price and trading sideways with little to no volatility. The ongoing and harsh bearish market conditions have dampened BTC’s prospects in the indices. However, Cathie Wood, the CEO, and founder of Ark Invest believed that Bitcoin is poised to skyrocket in price after the bear market is over. In a recent interview with Bloomberg, Cathie predicted that Bitcoin would go above $1 million by 2030. If BTC has to reach $1,000,000 by 2030, it needs to jump 4,600% from its current level of $20K. Also Read: Bitcoin to Crash to $14,000 Days After the US Mid-term Elections? Cathie revealed that institutional investors are moving into Bitcoin as its now available at a discounted rate. BTC fell from $69,000 in 2021 to $18,000 in 2022 and the price decline is lucrative for potential new buyers. “It does appear that institutions are mo...