ARK Invest CEO Cathie Wood is reportedly raising her price target for Bitcoin (BTC) based upon an assumption of greater institutional investment in the top digital asset by market cap.
According to a new report from Benzinga, Wood’s latest prediction is that Bitcoin will soar to $3.8 million by 2030 if institutions decide to allocate slightly more than 5% of their portfolios to BTC.
The new Wood prediction, made at a New York Investor Day in March, increases her previous prediction by $2.3 million.
Says Wood,
“Last year we put out our bull case for Bitcoin. It was $1.5 million. With this institutional green light that the SEC [US Securities and Exchange Commission] has provided, kicking and screaming though it did, the analysis we’ve done is that if institutional investors were to allocate a little more than 5% of their portfolios to Bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you.”
Wood is referring to the SEC approval of spot BTC exchange-traded funds (ETFs), which includes one operated by ARK. The ETFs, which launched in January, have attracted tens of billions of dollars in investment and are seen as the most successful launches of an ETF. The ETFs allow institutions to access Bitcoin.
If Wood’s prediction turns out to be accurate, it would mean that Bitcoin would increase from its current value by more than 6,572% in about six years.
Bitcoin is trading for $56,946 at time of writing, down more than 6% in the last 24 hours.
 
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FAQs
According to a new report from Benzinga, Wood's latest prediction is that Bitcoin will soar to $3.8 million by 2030 if institutions decide to allocate slightly more than 5% of their portfolios to BTC. The new Wood prediction, made at a New York Investor Day in March, increases her previous prediction by $2.3 million.
What will 1000 dollars of Bitcoin be worth in 2030? ›
If Bitcoin continues this pattern into 2030, the price could peak around 2029 or 2030. If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.
What is the price of Bitcoin prediction for Cathie Wood? ›
Wood spoke at an investor day in New York in March, noting that the price of Bitcoin could reach $3.8 million by 2030.
Will Bitcoin hit 1 million by 2030? ›
10 Years of Decentralizing the Future
Jack Dorsey believes the price of bitcoin could reach over $1 million by the end of 2030. His outlook aligns with that of other industry leaders, such as Cathie Wood, who predicted that bitcoin could go as high as $1.5 million by that time.
How much is Bitcoin projected to be worth in 2025? ›
Will Bitcoin be worth anything in 10 years? ›
In its 2023 Big Ideas report, Ark Invest laid out several price targets for Bitcoin. The report sees Bitcoin hitting price targets in 2030 of $257,500 in the bearish forecast, $682,000 in an average market and $1.48 million in a bullish market.
How much will $50 of Bitcoin be worth in 5 years? ›
After five years, the $50 investment might be worth around $67.20. If the price of Bitcoin were to climb at a rate of 25% each year, the initial investment of $50 might be worth around $129.70.
How much will Bitcoin be worth in 2024? ›
How much will 1 ethereum be worth in 2030? ›
Ethereum (ETH) Price Prediction 2030
According to your price prediction input for Ethereum, the value of ETH may increase by +5% and reach $ 4,172.69 by 2030.
Who owns the most Bitcoin? ›
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.
By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040. Conversely, if the market turns bearish, the minimum price level of BTC Coin could fall down to $5,42,838.40 by 2040.
What could Bitcoin be worth in 20 years? ›
Fidelity Predicts: $1B per 1 BTC by 2038 — 2040
Jurrien Timmer, Director of Global Macro at Fidelity Investments, predicts a staggering future for Bitcoin, suggesting that the value of a single Bitcoin could soar to $1 billion by 2038 to 2040.
What is the next Cryptocurrency to explode in 2025? ›
If Ethereum is going to hit a new all-time high of $5,000 in 2025, here's what needs to happen. It's been a strange year for Ethereum (ETH -1.78%). The world's second-largest crypto exploded out of the gate early, soaring from $2,200 in January to $4,000 by mid-March.
Which crypto will boom in 2024? ›
Top 10 Cryptos in 2024
Coin | Market Capitalization | Current Price |
---|
Solana (SOL) | $72 billion | $162 |
Ripple (XRP) | $28 billion | $0.51 |
Dogecoin (DOGE) | $22 billion | $0.15 |
Tron (TRX) | $10 billion | $0.12 |
6 more rows6 days ago
How much will 1 ethereum be worth in 2025? ›
By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500. And by the year 2030, it is expected that it may go up to a maximum of $20,500. The current year will witness the Dencun upgrade, which is anticipated to positively boost the value of ETH.
How high will Ethereum go in 2024? ›
Ethereum Forecast & Price Predictions - Key Takeaways
Ethereum price prediction 2024: while average consensus range from a conservative estimate of $2,500 to a striking $4,000 during the year, some still forecast that the expectations for an ETF approval and updates are already included in the price.
How much Bitcoin do you need to be rich by 2030? ›
ARK Invest published a price prediction for Bitcoin, saying that Bitcoin could reach $1.48 million by 2030. Well, if that happens, you'll only need 1.08 Bitcoin, which would only cost you $75,000 today! If bitcoin does go this high, it will mean that your portfolio would have seen a 1328% increase.
What will be the price of Bitcoin after 2030? ›
Bitcoin (BTC) Price Prediction 2030
Year | Price |
---|
2025 | $ 74,395.15 |
2026 | $ 78,114.91 |
2027 | $ 82,020.65 |
2030 | $ 94,949.16 |
1 more row
What is the future price of Bitcoin cash in 2030? ›
Bitcoin Cash (BCH) Price Prediction 2030
According to your price prediction input for Bitcoin Cash, the value of BCH may increase by +5% and reach $ 694.50 by 2030.