Degen

Katie Wood, CEO of ARK Invest, has predicted that the price of Bitcoin could reach $1.5 million by 2030. According to her, this bullish scenario has become more likely as institutional investors increasingly embrace Bitcoin and turn it into a standalone asset class.

Wood also emphasized that Bitcoin’s risk-return performance is such that it has attracted the attention of large financial institutions and encouraged them to allocate a portion of their assets to this digital currency.

According to the “Big Ideas 2025” report by ARK Invest, if a compound annual growth rate of 58% is achieved, Bitcoin could reach this price by 2030. This is while the company’s base scenario predicts Bitcoin reaching $710,000 and the pessimistic scenario predicts $300,000.