Cathie Wood, CEO of ARK Invest, remains optimistic about Bitcoin’s future and expects it to reach $650,000 in 2030. Despite market fluctuations, ARK Invest’s forecast remains unchanged. They presented three scenarios in their 2023 Big Ideas report: the base case predicts Bitcoin will reach $682,800 by 2030, the bear case estimates the price at $258,500, and the bull case predicts a rise to $1.48 million.
Wood believes Bitcoin is still a good investment at its current price, citing its historical performance during halving cycles which predict continued upward momentum.