Cathie Wood, CEO of ARK Invest, has reiterated her bullish outlook on Bitcoin, predicting it could reach $1.5 million by 2030. In a recent webinar, Wood emphasized that Bitcoin is midway through its 4-year cycle, with the most significant growth phase potentially still ahead. She noted that $70 billion has already re-entered financial markets following the end of the U.S. government shutdown, and ARK anticipates an additional $300 billion could return as the Treasury General Account stabilizes.
Wood also pointed out that the Federal Reserve's expected cessation of its quantitative tightening program on December 1 could enhance market liquidity, potentially fueling a Bitcoin rally. Her comments underscore a positive outlook for Bitcoin amid improving financial conditions.
Cathie Wood Reaffirms $1.5M Bitcoin Target by 2030 Amid Liquidity Boost
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