Future

Bitcoin

April

Momentum

Bold

As Bitcoin surpasses $90,000, setting a new all-time high, Cathie Wood, founder of ARK Invest, shared her optimistic outlook for the cryptocurrency market. Wood emphasized that Bitcoin still has substantial growth potential, forecasting prices between $650,000 and $1.5 million by 2030 under different scenarios. 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noreferrer noopener nofollow"><img loading="lazy" decoding="async" width="728" height="90" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Qubetics is 728x90 1 3" class="wp-image-28237" title="Cathie Wood’s Bold Bitcoin Prediction: Can Records Keep Breaking? 45"></a>
 </figure>
</div> 
<h2 class="wp-block-heading" id="bitcoin-s-momentum-and-regulatory-shifts">Bitcoin’s Momentum and Regulatory Shifts</h2> 
Speaking on CNBC’s Squawk Box, Wood reflected on her early investment in Bitcoin in 2015 when it was priced at just $250. Despite today’s highs, she believes Bitcoin is still at the beginning of its journey. 
According to Wood, one major driver behind Bitcoin’s current momentum is the expected regulatory easing in the United States. She noted: “Bitcoin is now seen as a new asset class. Institutions and asset managers recognize it behaves differently from all other assets and deserves a place in their portfolios.” 
<h2 class="wp-block-heading" id="ambitious-projections-for-bitcoin-s-future">Ambitious Projections for Bitcoin’s Future</h2> 
Looking ahead to 2030, Wood outlined two scenarios: 
<ul class="wp-block-list"> 
 <li>Base case: Bitcoin reaching $650,000.</li> 
 <li>Optimistic case: Prices soaring to between $1 million and $1.5 million.</li> 
</ul> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img loading="lazy" decoding="async" width="1644" height="1200" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart-1-12.jpeg" alt="chart 1 12" class="wp-image-29453" title="Cathie Wood’s Bold Bitcoin Prediction: Can Records Keep Breaking? 46" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart-1-12.jpeg 1644w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart-1-12-768x561.jpeg 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart-1-12-1536x1121.jpeg 1536w" sizes="(max-width: 1644px) 100vw, 1644px">
 </figure>
</div> 
Recent data from CoinGecko shows Bitcoin hitting its all-time high of $93,477 on November 13. Despite a minor correction, the price rebounded above $90,000 on the morning of November 18, demonstrating resilience. 
<h2 class="wp-block-heading" id="bitcoin-vs-gold-a-historic-milestone">Bitcoin vs. Gold: A Historic Milestone</h2> 
In her analysis shared on November 16, Wood highlighted a significant development: Bitcoin’s supply growth rate has dropped to 0.9% following the April halving, marking the first time it’s lower than gold’s long-term supply growth. Wood described the ongoing Bitcoin bull market as “built on solid foundations.” 
<h2 class="wp-block-heading" id="the-role-of-technological-innovation">The Role of Technological Innovation</h2> 
In a video posted to X on November 11, Wood advocated for limiting the powers of regulators like the SEC. She argued that focusing on emerging technologies like artificial intelligence and digital assets could supercharge the U.S. economy, underscoring the broader potential of Bitcoin and blockchain technology. 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
Cathie Wood’s predictions highlight the transformative potential of Bitcoin as a global financial asset. With the cryptocurrency market gaining institutional support and regulatory clarity, Bitcoin’s path to record-breaking highs appears more solid than ever. 
Stay tuned to <a href="https://www.turkishnyradio.com/" target="_blank" data-type="link" data-id="https://www.turkishnyradio.com/" rel="noreferrer noopener nofollow sponsored">Turkish NY Radio</a> for the latest updates and expert insights on the world of cryptocurrency.

Cathie Wood’s Bold Bitcoin Prediction: Can Records Keep Breaking?

Table of Contents

TNYR

Other articles published on Nov 18, 2024

TRX Whales Move Into This AI Altcoin as It Surges 5x in Just Two Weeks

Thala DeFi Hack Recovers $25M After Bounty Negotiation

DOGE and Dogecoin: A Coincidental Connection?

Chainlink Whale Activity Hits High: Analysts Eye $100 LINK

How these traders made millions off small-cap Solana meme coins

Global Digital Asset Insurance Gap Revealed: Over $19 Billion Uninsured, Study Finds

Join our free newsletter for daily crypto updates!