Female stock goddess Cathie Wood: Bitcoin’s 2030 target price is $3.8 million

This site (120btC.coM): Cathie Wood, the founder of ARK Invest, known as the "Female Stock God", has repeatedly been optimistic that Bitcoin will break through in 2030. 1,000,000.

With the approval of the Bitcoin spot ETF to be listed in the United States, it is expected to drive Bitcoin to a new rally. One analyst raised his price target for Bitcoin to $3.8 million today, which is equivalent to about 60 times the current price of $64,523.

According to "BusinessInsider" report, Cathie Wood pointed out at the Bitcoin Investor Day Summit in New York today that the launch of Bitcoin spot ETF will trigger a large amount of demand from institutional investors, which will lead to higher investment. Combination configuration. She further stated that her previous target price forecast of $1.5 million will be significantly increased to $2.3 million.

Female Stock God: Bitcoin’s 2030 target price is $3.8 million

She said that large institutional demand and higher portfolio allocation (as long as 5%) can significantly push up BTC price.

We were bullish on Bitcoin last year with a price target of $1.5 million. Now, the U.S. Securities and Exchange Commission (SEC) has opened the door to institutional investors. Our analysis is based on institutional investors putting more than 5% of their funds into Bitcoin, which would add $2.3 million to our predicted price, which I shared with you before.

This month, Wood said in an interview that she believed the initial target of $1 million in 2030 was too conservative and raised the target price to $1.5 million. In February, Ark Investment was optimistic in its annual report that under the best-case scenario, if 19.4% of the world's investable assets of US$250 trillion were allocated to Bitcoin, the price of Bitcoin would reach US$2.3 million.

Optimistic about the halving in April becoming a price catalyst

Sister Mumu also pointed out at the meeting that she expected that the fourth halving in April would be similar to the previous halvings. Similar bullish effect. In the 12 months after the three halvings in 2012, 2016 and 2020, the price of Bitcoin increased by 8069%, 284% and 559% respectively.

Wood expressed his confidence in Bitcoin at the meeting, hailing Bitcoin as the "financial highway" and emphasizing its importance to emerging markets.

“We believe that Bitcoin still has a long way to go, and we are in the beginning stages of truly establishing an Internet-native financial ecosystem and disintermediating fee earners.”

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