Ark Invest CEO Predicts Bitcoin 1 Million US Dollars in 2030!

Despite the bankruptcy of FTX and the successive declines of the crypto market, the CEO of Ark Invest believes that the price of Bitcoin (BTC) is predicted to reach $1 million per coin by 2030. This he revealed when he was interviewed by Bloomberg about Bitcoin price predictions .

Earlier on May 19, 2021, Cathie Wood believed that the BTC price would reach $500,000 in 2026. She said that a very bullish target would be achievable if institutional investors allocated at least 5% of their total funds to the leading cryptocurrencies.

Wood is Positive with Bitcoin

Despite the decline in crypto prices caused by the domino effect caused by FTX, Wood seems to be staying firm and positive about the price of Bitcoin.

Wood does not harbor skepticism about Bitcoin, he admits that the current state of affairs may cause institutions to be hesitant about entering the market, but Wood still believes that investors will eventually feel "more comfortable" investing in BTC once the situation stabilizes.

Ark Invest has also invested in a heavily discounted Bitcoin fund by Grayscale . He also doubled down on an earlier bold prediction that the price of the number one crypto asset would reach $1 million per coin by 2030.

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