Cathie Wood: In a bull market, the price of Bitcoin will reach $1.5 million by 2030

ChainCatcher news, according to Bitcoin Magazine, ARK Invest CEO Cathie Wood predicted in a CNBC interview that in a bull market, the price of Bitcoin will reach $1.5 million by 2030.

ARK Invest first introduced these Bitcoin price predictions in its 2023 Big Ideas report released last February. Unlike the single prediction in earlier reports, the company presented three scenarios. Based on the most likely assumptions, the "base case" expects Bitcoin to reach $682,800 by 2030, the "bear case" estimates a price of $258,500, while the "bull case" anticipates Bitcoin could rise to $1.48 million.