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Bitcoin continues its volatile swings, briefly nearing recent highs before a slight pullback. Ark Invest’s Cathie Wood predicts Bitcoin could surge to $1.5 million, driven by growing institutional adoption. The firm’s bullish outlook hinges on Bitcoin’s role as a decentralized store of value.
- Ark Invest predicts Bitcoin could hit $1.5M under an aggressive scenario, with a base target of $700K–$750K by 2030.
- Institutional investment is still nascent but could drive significant future price growth, per Cathie Wood.
- Bitcoin's fixed supply and decentralization make it resistant to inflation and state-level confiscation, unlike fiat currencies.
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