Ark Invest CEO, Cathie Wood, reaffirms her Bitcoin bullish stance, maintaining her base-case target for the cryptocurrency at a whopping $700,000.
HODL's Daily Brief: Bitcoin Breaking New Ground
Welcome back to HODL's Daily Brief! Today's highlight is Cathie Wood's optimistic predictions for Bitcoin reaching a staggering $700,000 by 2030. Here's what you need to know:
- Cathie Wood, CEO of ARK Invest, predicts Bitcoin to increase at least 580% of its current value by 2030, with a base case of $700,000 to $750,000 and a bullish expectation of $1.5 million[2].
- The driving forces behind this massive Bitcoin price prediction include:
- Rapid institutional adoption, with many players yet to dive in[4].
- Market share gains from gold, as Bitcoin becomes the preferred store-of-value asset[4].
- Limited supply with only 1 million BTC left to be mined[4].
- Emerging markets adopting Bitcoin as a financial tool[4].
- Advancements in AI and capital flow shifts contributing to a new bull era[1][3].
It seems the crypto world is ready for a wild ride! With the US emerging from a recession, setting the stage for economic growth driven by technological advancements, get ready for Bitcoin to impact the financial ecosystem like never before[1].
- Bitcoin's current price hovers around $102,811, up 2.4% in the past 24 hours[2].
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Disclaimer: Our opinions do not serve as investment advice. Always do your own research before making risky crypto investments.
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Sources:[1] https://thehodl.com/2025/05/09/crypto-markets-recession-ending-ai-driven-growth-ahead/[2] https://thehodl.com/2025/05/09/ark-ceo-cathie-wood-predicts-bitcoin-to-hit-700k-750k-by-2030/[3] https://thehodl.com/2025/05/08/recession-ending-clarity-trumps-tariff-negotiations-spark-optimism-for-economic-growth-within-the-u-s/[4] https://thehodl.com/2025/05/09/bitcoins-volume-outpaces-the-entire-global-stock-market-as-institutional-adoption-races-to-the-next-phase/
- As Cathie Wood, CEO of ARK Invest, predicts a substantial growth for Bitcoin by 2030, the attention is also drawn to the rise of altcoins in the crypto trading market.
- Interestingly, the crypto trading landscape is expanded by new platforms like Dalle3, promising to revolutionize user experience in decentralized finance (DeFi) and Ethereum-based applications.
- A recent report indicates that the blockchain technology is being implemented in the finance sector not only for cryptocurrency transactions, but also for streamlining traditional financial services.
- With the upcoming launch of T-Rex, a purpose-built blockchain, there are indications of significant changes in the attention layer of Web 3.0, potentially affecting the playing field for numerous cryptocurrencies.
- In the meanwhile, the impact of Casper 2.0 on the real-world asset era is anticipated, as it goes live on the mainnet, bringing the Casper Network closer to mass adoption in the cryptocurrency market.