Cathie Wood Says Bitcoin Would Rally 15x in 5 Years: Here’s Why

In a recent interview, Cathie Wood, the visionary founder and CEO of ARK Invest, predicted Bitcoin would rally 15 times in value within five years, potentially reaching $1.5 million by 2030. 

Her bold claims stem from a blend of institutional momentum and Bitcoin’s emerging status as a transformative asset. The visionary founder outlined the driving forces behind this optimistic projection while emphasizing bitcoin’s growing role in the global economy. 

However, with Bitcoin trading at $107,898 at the time of writing, the recent milestone estimate appears to be 60% short of her previous forecast in May.

Major Driver for Uptrend

Cathie Wood highlighted the growing interest from institutional investors as a major catalyst. She notes that companies like Arkham, Strategy, and Metaplanet are increasingly holding Bitcoin, signaling a shift toward mainstream acceptance.

“We’re seeing a seismic shift,” the CEO stated. 

Interestingly, the approval of spot Bitcoin exchange-traded funds (ETFs) early last year has been a game-changer, with billions in inflows marking one of the most successful ETF launches ever. Wood believes the approval of ETFs is a “green light for institutions.” 

The CEO suggested that even a modest 5-6.5% portfolio allocation by institutions could propel Bitcoin’s price skyward, given its limited supply. Additionally, Wood expressed excitement over new political developments, such as Trump’s pledge to boost cryptocurrency adoption and establish a Strategic Bitcoin Reserve.

The visionary founder argues that regulatory and political support could pave the way for unprecedented demand, positioning Bitcoin as a mainstay in institutional portfolios.

Charles Hoskinson Says $500,000 in Two Years

As the cryptocurrency market evolves, Wood’s bold stance invites both excitement and skepticism. Nonetheless, Wood is not the only industrial leader predicting a Bitcoin boost in a few years. 

In a recent interview, Cardano founder Charles Hoskinson reiterated his bold prediction for Bitcoin’s price. The CEO projected a surge to $250,000 to $500,000 within a year or two. 

Notably, Hoskinson shares the same beliefs as Wood. The CEO believes technological advancements and institutional involvement will drive the price surge. 

Furthermore, he also highlighted that the integration of bitcoin into decentralized finance (DeFi) is a key catalyst for this development. Recall that Cardano is working on unlocking trillions in liquidity by introducing smart contract functionalities for Bitcoin users.

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