Cathie Wood Calls Bitcoin a ‘Financial Super Highway,’ Reiterates $1.5M Price Target (2024)

FAQs

How much will $1000 of Bitcoin be worth in 2030? ›

By getting investors excited about the future of Bitcoin, she could attract more inflows to her ETF. If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%.

Wood's original projection was that Bitcoin would reach $1 million by 2030, which she gave before the approval of spot ETFs. The approval bumped the prediction up to $1.5 million, and the success of the ETFs bumped the prediction even higher to $3.8 million.

Crypto Is Volatile

Another reason Ramsey doesn't encourage investing in crypto is it's volatile. “Crypto's value swings way up only to come plunging back down, and you never really know what you're going to get each day,” the article explained. “Someone sneezes and the price drops!

Notably, Cathie Wood, CEO of Ark Invest, predicted that bitcoin could reach an astounding $1.48 million by 2030. Obviously, the world's oldest cryptocurrency has come a long way since its first recorded price of less than a cent.

CRYPTO: BTC

Cathie Wood, the founder, chief executive officer, and chief investment officer of ARK Invest, believes that Bitcoin could be worth $1 million per coin before 2030, as adoption by institutional investors increases.

UK fintech firm Finder carried out a study based on expert price predictions of 40 crypto industry specialists on how Bitcoin is expected to perform through to 2030. Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000.

Typical halving cycles last anywhere from 12 to 18 months, so it is still very early to see any blockbuster results from the April halving event. Bitcoin would need to deliver annualized returns of 75% to hit the $1 million price mark by 2030.

It's a key reason she believes the cryptocurrency could soar 5,513% from here to $3.8 million by 2030, which is far above her own firm's target of $1.5 million. The problem with Wood's forecast is that a price of $3.8 million per Bitcoin implies a final market cap of $79.8 trillion.

By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040. Conversely, if the market turns bearish, the minimum price level of BTC Coin could fall down to $5,42,838.40 by 2040.

Bitcoin (BTC) Prediction for 2040 and 2050

If we draw a line connecting Bitcoin's historical lows, we get a prediction of $1.3 million by 2030 and a staggering $200+ million by 2040 and 2050, which would put its market cap at an unreasonable $4 quadrillion. By this time, this asset class will likely be matured.

Which crypto will explode in 2024? ›

Based on our research, ButtChain, Bonk, Sealana, Bitcoin, Celestia, and Solana stand out as the best cryptos in 2024. ButtChain, in particular, is catching attention with its playful branding, innovative features, and ingenious tokenomics.

What should you invest in inside your 401(k) and Roth IRA? There are many different types of investments to choose from, but Ramsey says mutual funds are the way to go! Mutual funds let you invest in a lot of companies at once, from the largest and most stable to the newest and fastest growing.

So, 10 times from those levels would mean that Bitcoin could go as high as $350,000, Saylor said. If this is the case, you would need to own 2.86 BTC to become a millionaire. It would cost around $190,000 today.

Several potential drawbacks of Bitcoin include include:

Each sale can result in a capital gain or loss for U.S. taxpayers. Bitcoin comes with high transaction costs, and the transactions can take several minutes to complete.

In a recent interview, Dorsey suggested that Bitcoin is going to "at least a million" by 2030. What makes this forecast so interesting is that it's not coming from a Wall Street investment firm.

ARK Invest published a price prediction for Bitcoin, saying that Bitcoin could reach $1.48 million by 2030. Well, if that happens, you'll only need 1.08 Bitcoin, which would only cost you $75,000 today! If bitcoin does go this high, it will mean that your portfolio would have seen a 1328% increase.

Max Keiser predicts Bitcoin to be worth $200K in 2024. Fidelity predicts one Bitcoin will be worth $1B in 2038. Hal Finney predicted $22M per Bitcoin by 2045.

Drawing inferences through the stock-to-flow model by PlanB, Fidelity has put forward a $1000 million price target for BTC by 2035. Furthermore, it also sees Bitcoin touching a $1-million price target in a decade's time. Bitcoin Exchange Guide was the first to report about it.