Here's How Much $100 In Bitcoin Could Be Worth In 2030 If Cathie Wood's Price Target Is Reached-web3.0-php.cn

Here's How Much $100 In Bitcoin Could Be Worth In 2030 If Cathie Wood's Price Target Is Reached

Susan Sarandon

Release： 2024-11-20 06:58:20

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Ark Invest CEO Cathie Wood has been a vocal bull for the cryptocurrency sector for years, specifically for leading cryptocurrency Bitcoin (CRYPTO: BTC)

Here's How Much 0 In Bitcoin Could Be Worth In 2030 If Cathie Wood's Price Target Is Reached

Ark Invest CEO Cathie Wood has been bullish on crypto for years, and her firm was one of several to have a Bitcoin ETF approved by the SEC with its Ark 21 Shares Bitcoin ETF (BATS:ARKB).

Now, Wood has shared her price targets for Bitcoin based on a bear case, base case and bull case for the year 2030. Wood also added a new bull case that includes the potential highest price Bitcoin could reach by 2030 if companies allocated 5% to Bitcoin.

Following Wood Into Bitcoin: With Bitcoin hitting all-time highs after the 2024 presidential election, big questions remain about how high the leading cryptocurrency can go and how long it will take to reach various milestones like $100,000.

her price targets in a CNBC interview while highlighting how Ark Invest was early to investing in Bitcoin.

Benzinga Pro subscribers can follow along with Wood's Bitcoin price targets and her commentary on the cryptocurrency throughout the year.

To learn more about Benzinga Pro and to sign up for a free trial, click here.

Cathie Wood's Bitcoin Price Targets For 2030

In a recent interview with Anthony Pompliano on his Best Business Show podcast, Wood shared her price targets for Bitcoin, based on a bear case, base case and bull case for the year 2030. Wood also included a new bull case that includes the potential highest price Bitcoin could reach by 2030 if companies allocated 5% to Bitcoin.

Here are Wood's price targets for Bitcoin by 2030:

Bear Case: Around $130,000

Base Case: Around $460,000

Bull Case: Around $1.3 million

New Bull Case: Around $2.5 million to $3 million

Wood explained that her bear case is based on Bitcoin continuing to trade at a premium to gold, while her base case is based on Bitcoin continuing to trade at a premium to the M2 money stock. Her bull case is based on Bitcoin continuing to trade at a premium to global gross domestic product and her new bull case is based on companies allocating 5% to Bitcoin, which would value Bitcoin at around $2.5 million to $3 million by 2030.

While Wood's price targets are certainly bullish, it's important to note that they are just that — price targets. No one can predict the future with certainty, and especially not the future of a volatile asset like Bitcoin. However, Wood's track record of success in the investment world makes her opinions worth considering for any investor interested in Bitcoin.

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