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Katie Wood: bitcoin will reach $1.5 million by 2030 after the ETF approval


一月, 12 2024
watermark Economic news

Katie Wood, head of the ARK Invest investment fund, expressed confidence that by 2030 the value of bitcoin could reach $1.5 million.


This optimism is due to the recent approval by the U.S. Securities and Exchange Commission (SEC) of a number of spot bitcoin ETFs. Wood said on Thursday: «We believe that the probability of a bullish outlook has increased following the SEC's approval. It's a green light.»


At the same time, even Wood's pessimistic forecast suggests that the price of bitcoin may rise more than five times compared to the current value. In her opinion, in a «bearish» scenario, the price of the token could reach $258,500. Wood's baseline scenario assumes that the price of bitcoin will reach $682,800.


Katie Wood also noted the uniqueness of bitcoin: «It is the first global, decentralized, digital, rule–based – critical - monetary system in history. It's a great idea.»


ARK Invest is among 11 companies whose applications to launch a spot bitcoin ETF have been approved by the SEC. These companies also include major investment giants, including BlackRock, Invesco and Fidelity.


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外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。