Market News

Will Bitcoin Hit $1M? Cathie Wood Says Yes

Innovation investor and Bitcoin (BTC-USD) bull, Cathie Wood, has said that she believes Bitcoin will hit $1 million per coin by 2030. This would equate to an increase of over 60 times from current prices.

She believes the recent failures of crypto organizations such as FTX are good for Bitcoin as it battle-tests its infrastructure and thesis.

Wood currently has over $55 million worth of Grayscale Bitcoin Investment Trust (OTC:GBTC) in her ARK Next Generation Internet ETF (ARKW), translating into an approximate 5% weighting.


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