Bitcoin Could Soar by Nearly 1,500% in 5 Years, According to This Growth Investor

Ark Invest founder Cathie Wood recently reiterated her prediction that Bitcoin's (CRYPTO: BTC) price could reach $1.5 million by 2030. In the innovation-centric investment firm's "Big Ideas 2025" report, Wood claims that institutional interest, rising demand from emerging markets, and a wider view of the crypto as an effective form of "digital gold" will all combine to drive its price much higher.

Ark calculated that $1.5 million target by measuring Bitcoin's institutional penetration rates and its adoption as a safe-haven asset across emerging markets, but that outcome would certainly be a bull case scenario. Wood also presented what she described as a base case scenario in which Bitcoin's price would rise to $710,000 and a bear case scenario in which it would still hit $300,000.

Stretching its forecast model to its most optimistic levels, Ark claims Bitcoin has a shot at hitting $2.4 million by 2030 -- but the firm is sticking to $1.5 million as its official five-year price forecast.

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