Bitcoin’s Price Potential: Cathy Wood Reiterates $1 Million Valuation Target by 2030

Cathy Wood Doubles Down on $1 Million Bitcoin Valuation by 2030 Amid Recent Dip

Despite the recent dip in the cryptocurrency market, Ark Invest CEO Cathy Wood has doubled down on her previous prediction that Bitcoin’s (BTC) value will reach $1 million or more by 2030. In a recent interview with Bloomberg, Wood reiterated her stance, citing several reasons why she believes this outcome is inevitable.

According to Wood, the favorable regulatory landscape and growing institutional adoption are key drivers behind her bullish forecast. She emphasized that the scarcity of Bitcoin, which has become an attractive trait for investors seeking digital stores of value.

Source: ambcrypto.com