Cathie Wood Doubles Down on $1.5M Bitcoin Prediction

• Cathie Wood reaffirms her bold $1.5M Bitcoin forecast despite market volatility.
• Wood cites on-chain data, U.S. deregulation, and growing institutional adoption.
• Ark Invest CEO warns of recession but sees economic shifts as bullish for BTC.

Ark Invest CEO Cathie Wood has doubled down on her prediction that Bitcoin will reach $1.5 million by 2030. Speaking in a Bloomberg interview, the influential fund manager maintained her bullish long-term outlook while acknowledging the current risk-off sentiment affecting digital assets.

When asked directly if she still believed in her $1.5 million price target for Bitcoin by the end of the decade, Wood responded with conviction: “Yes, it is our view.” She characterized the current market environment as a typical risk-off period. Wood noted that Bitcoin has often served as a leading indicator of broader risk sentiment shifts in financial markets.

Wood pointed to Ark’s analysis of on-chain metrics to support her continued optimism. “If you look at our on-chain analytics, what you will see is that we are in the middle, a little bit more than halfway through a four-year cycle,” she explained.  She further noted, “We think we’re still in a bull market.”

The investment manager highlighted regulatory developments in the United States as a critical factor that could accelerate institutional adoption of Bitcoin. “We believe that the deregulation that we’re seeing here in the United States is going to be very important to institutions moving into this new asset class,” Wood stated.

According to her assessment, asset allocators increasingly recognize the need to formulate a perspective on cryptocurrency investments. When pressed about which dips she would buy among Bitcoin, Tesla, or Nvidia, Wood referenced Ark’s transparent trading activity.

Related: Hyperliquid Whale Shorts Bitcoin with $520 Million Position

The interview also explored Wood’s broader economic outlook, which influenced her cryptocurrency thesis. Contrasting with Treasury Secretary’s assessment that the U.S. isn’t heading toward recession, Wood offered a different perspective. “We think we’ve been in a rolling recession and that we are actually going to see some negative quarters here,” she cautioned.

Wood attributed this economic slowdown to declining money velocity as employment concerns rise across federal, state, local, and quasi-government sectors like education and healthcare. Despite these concerns, Wood suggested that economic challenges could ultimately create conditions favorable for both Bitcoin and other risk assets.

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