{"id":18648,"date":"2024-11-16T13:31:08","date_gmt":"2024-11-16T11:31:08","guid":{"rendered":"https:\/\/forklog.com\/en\/cathie-wood-predicts-bitcoin-to-reach-650000\/"},"modified":"2024-11-16T13:31:08","modified_gmt":"2024-11-16T11:31:08","slug":"cathie-wood-predicts-bitcoin-to-reach-650000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cathie-wood-predicts-bitcoin-to-reach-650000\/","title":{"rendered":"Cathie Wood Predicts Bitcoin to Reach $650,000"},"content":{"rendered":"<p>By 2030, the leading cryptocurrency is expected to hit $650,000 in a base scenario and range from $1 million to $1.5 million in a bullish one. This forecast was shared by ARK Invest CEO Cathie Wood in an interview with CNBC.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"'We have a volatile fund': Cathie Wood responds to criticism about Ark Invest\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/RW2cb5KGaTg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cWe are getting regulatory relief. I think this is one of the most important things from this [U.S. presidential] administration. We will get regulatory relief across all kinds of innovations,\u201d she explained.<\/cite><\/p><\/blockquote>\n<p>According to Wood, Bitcoin is currently attracting the attention of institutional investors and asset managers as a new asset class.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cNot just a global monetary system, but a new asset class. This means that institutional investors and asset managers are noticing that this asset behaves differently compared to their other assets. I think this is the next big step,\u201d added the ARK Invest CEO.<\/cite><\/p><\/blockquote>\n<p>Looking at the chart of digital gold, the coin typically rose after <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-undergoes-fourth-halving\">halvings<\/a> and a decrease in inflation, she noted.<\/p>\n<p>In January, Wood <a href=\"https:\/\/forklog.com\/en\/news\/cathie-wood-predicts-bitcoin-could-reach-1-5-million-by-2030\">predicted the leading cryptocurrency could reach $1.5 million<\/a> in a bullish scenario by 2030. She made this statement on the first day of trading spot Bitcoin ETFs, <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">approved<\/a> by the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>.<\/p>\n<p>In the same month, the ARK Invest CEO revealed that she <a href=\"https:\/\/forklog.com\/en\/news\/cathie-wood-reveals-her-bitcoin-investment-strategy\">holds approximately 25%<\/a> of her financial capital in digital gold. She noted that her portfolio is \u201calmost entirely tied to innovations,\u201d including cryptocurrencies.\u00a0<\/p>\n<p>In May, Wood <a href=\"https:\/\/forklog.com\/en\/news\/cathie-wood-predicts-tenfold-gdp-growth-for-el-salvador-via-bitcoin\">predicted a tenfold GDP growth for El Salvador<\/a> over five years of Nayib Bukele&#8217;s new presidency. She noted that this would be facilitated by accelerating economic reforms in the country through Bitcoin and artificial intelligence.\u00a0<\/p>\n<p>Back in November, after Donald Trump was elected U.S. President, the ARK Invest CEO predicted an influx of investments in cryptocurrencies and new technologies following the \u201cchanging of the guard\u201d at the SEC and <span data-descr=\"U.S. Federal Trade Commission\" class=\"old_tooltip\">FTC<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By 2030, the leading cryptocurrency is expected to hit $650,000 in a base scenario and range from $1 million to $1.5 million in a bullish one. This forecast was shared by ARK Invest CEO Cathie Wood in an interview with CNBC. \u201cWe are getting regulatory relief. I think this is one of the most important [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1219,1146],"class_list":["post-18648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cathie-wood","tag-cryptocurrency-market-forecasts"],"aioseo_notices":[],"amp_enabled":true,"views":"71","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18648"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18647"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}