Cathie Wood Predicts Bitcoin Price Could Hit $1M by 2030
• Cathie Wood of Ark Invest believes Coinbase stock is enough to knock the Nasdaq into oblivion.
• She also believes bitcoin could reach a price of more than $1 million by the time 2030 comes around.
• Wood thinks that the crypto market is pushing the Fed in a more bullish direction.
Cathie Wood Believes in BTC and Coinbase’s Stock
Nick Marinoff · March 4, 2023 · 5:00 pm Cathie Wood of Ark Invest believes that by owning Coinbase stock, her new portfolio is enough to knock the Nasdaq into oblivion. She clearly feels Coinbase is going to take the world by storm alongside the likes of bitcoin, Ethereum, and other major forms of crypto.
Wood’s Positive BTC Sentiment
Wood is particularly pleased with bitcoin’s prospects as of late and stated in a recent interview that she thinks bitcoin could reach a price of more than $1 million by the time 2030 comes around. In a recent report, her firm Ark Invest published a report that said Bitcoin has strengthened its network fundamentals and its holder base has become more long-term focused. Despite 2020 being turbulent year for bitcoin on record, it has jumped up by more than $7,000 since then.
Pushing The Fed North?
Now, bitcoin is trading for around $23K which means it has risen by about $7K since last year. As such, the crypto space is once again valued at more than $1 trillion. Wood went further with her positive sentiment to say that she feels that the crypto market is pushing the Fed in a more bullish direction saying „the market is leading the Fed“.
The Future Of Crypto
Overall, it seems clear that many experts think cryptocurrency will continue to be an important part of our economy going forward and will likely remain an integral part of our financial system well into 2030. With this in mind, it’s safe to say that investing in cryptocurrencies now may be one way to potentially benefit from this trend down the road.
In conclusion, Cathie Wood’s belief in BTC and Coinbase’s stock shows us just how powerful cryptocurrency can be when used correctly – not only does it have potential for huge returns but also provides us with an alternative form of value storage for wealth protection purposes as well as potentially disrupting traditional banking systems if adopted widely enough.