A daring scenario is emerging!

Bitcoin continues to generate ink and spark heated discussions. But this time, it’s Cathie Wood, CEO of ARK Invest, who is attracting all eyes. Her optimism is unprecedented: she predicts a base case scenario in which Bitcoin hits $600,000, but doesn’t stop there. In its bullish scenario, the crypto could reach $1.5 million by 2030. A bold prediction which, unsurprisingly, calls out.

A bet on the future of Bitcoin

Cathie Wood, known for her strong positions on disruptive technologies, does not hide her enthusiasm for bitcoin.

For her, cryptocurrency is more than just a speculative asset, it represents a profound transformation of the financial system. This is happening as crypto teeters into euphoria.

She discusses two scenarios: a “basic” one, with Bitcoin reaching $600,000, and another “bullish” one, where it could climb to $1.5 million by 2030. These numbers may seem crazy, but for Wood, they are based on a detailed analysis of market developments and the growing adoption of cryptocurrencies.

Behind these predictions, there are several macroeconomic factors at play. Bitcoin, once seen as a fringe alternative, is now being taken seriously by large institutions.

Its growing correlation with the stock markets, and in particular with Wall Street, shows that it has become a key player in the financial landscape. And it is precisely this institutionalization of Bitcoin that pushes Wood to believe in its long-term potential.

However, it’s not just a question of price. For Cathie Wood, Bitcoin represents a revolution in the way we perceive money and finance.

As a decentralized store of value, it offers an alternative to traditional systems based on trust in governments and central banks. In his eyes, the future of Bitcoin is assured, despite short-term fluctuations.

A changing market

The current context reinforces this optimistic vision. The price of Bitcoin recently rose to $66,000, fueled in part by economic stimulus measures in China, which provided a boost to global financial markets.

It also propelled Chinese stocks to their best performance in 16 years, drawing a parallel between the rise of Bitcoin and global economic events.

The question that arises is this: is Bitcoin really ready for such a takeoff? For analysts, the signals are encouraging.

Support levels remain strong around $65,000, and the market appears to have regained bullish momentum. Some observers, like The Kobeissi Letter, even see similarities in this context with past periods of rise.

Furthermore, expectations surrounding the decisions of the American Federal Reserve (Fed) play a crucial role in these forecasts.

Lower interest rates and recently announced monetary easing measures create a favorable environment for risky assets like Bitcoin. In this climate, investors continue to seek alternatives to traditional currencies, strengthening demand for decentralized assets like BTC.