BTC Update: Cathie Wood Unveils Strategy for Bitcoin Reaching $1.5 Million by Year 2030

Bitcoin has experienced significant fluctuations, with sharp declines followed by rapid recoveries, and is currently down a bit after approaching recent peaks. Ark Invest predicts Bitcoin could reach as much as $2.71 million, fueled by growing interest from institutional investors. Over the last few weeks, Bitcoin has been oscillating between substantial gains and brief pullbacks. Following a drop to $2,000,2575, it increased to $21,2330. While it nearly reached that impressive level, it was unable to maintain it, trading at $1853, 2185 after experiencing a 2300% drop over the last 2000 hours. Nonetheless, Ark Invest’s long-term projections suggest that significant changes could be on the horizon. In an interview with CNBC, Cathie Wood, the CEO of Ark Invest, shared her forecast and outlined her long-term perspective. The company’s baseline forecast estimates that Bitcoin will reach between $700,000 and $750,000 by the conclusion of the decade. In a highly optimistic scenario, it could reach as high as $1.5 million. David Puell, the market analyst at Ark Invest, made these predictions. Source: Ark Invest. Wood noted that there is a gradual change in investor sentiment.