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Finance guru doubles his bet on Bitcoin and predicts a millionaire price by 2030

Finance guru doubles his bet on Bitcoin and predicts a millionaire price by 2030

If Bitcoin were to actually reach $3.8 million, an investment of $1.00 today could generate a profit of approximately $60.00 for the investor.

If Bitcoin were to actually reach $3.8 million, an investment of $1.00 today could generate a profit of approximately $60.00 for the investor.

Cathie Wooda renowned Wall Street entrepreneur and cryptocurrency advocate, cconsiders Bitcoin to be a superior investment compared to Ethereum.

She describes Bitcoin not only as a global monetary system, but also as a revolutionary technology and a new asset class. Among the reasons for preferring Bitcoin, Wood cites its broader applicability and its role as an insurance policy against inflation and loss of wealth, with the potential to capture a significant portion of the global monetary supply. Bitcoin’s unique qualities, such as decentralization, censorship resistance, and self-custody, are critical to its long-term success.

ARK Invest, Wood’s company, has demonstrated a strong commitment to Bitcoin developers and the founding principles of its network. However, Wood warns of challenges that could arise, such as excessive regulation in the United States, which could hinder Bitcoin and other emerging technologies.

Bitcoin: what Wood says about the price

Recently, Wood has drastically revised his Bitcoin price prediction for 2030. A year ago, he had projected that Bitcoin would reach $1.5 million by that date. Now, he has doubled his estimate, stating that Bitcoin could reach $3.8 million by 2030. This rise will largely depend on support from institutional investors, something that has begun to materialize with spot ETFs.

Cathie Wood .jpg

Wood also highlighted the recent Bitcoin halving. Although the price did not rise immediately, she believes this could start a new bull cycle that would lead Bitcoin to new highs. The next halving, scheduled for 2028, could be an additional boost to reach its goal of $3.8 million.

If Bitcoin were to truly reach $3.8 million, a $1,000 investment today could generate a profit of approximately $60,000 for the investor.

Source: Ambito

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