Cathie Wood Calls Bitcoin a ‘Financial Super Highway,’ Reiterates $1.5M Price Target (2024)

FAQs

What will 1000 dollars of Bitcoin be worth in 2030? ›

By getting investors excited about the future of Bitcoin, she could attract more inflows to her ETF. If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%.

This is a green light." Wood's original projection was that Bitcoin would reach $1 million by 2030, which she gave before the approval of spot ETFs. The approval bumped the prediction up to $1.5 million, and the success of the ETFs bumped the prediction even higher to $3.8 million.

10 Years of Decentralizing the Future

Jack Dorsey believes the price of bitcoin could reach over $1 million by the end of 2030. His outlook aligns with that of other industry leaders, such as Cathie Wood, who predicted that bitcoin could go as high as $1.5 million by that time.

He predicts that the asset will continue to be volatile and that he wouldn't invest in it for the same reason he wouldn't invest in “the Iraqi dinar.” Ramsey and his co-host argue that Bitcoin is not an “investment” because it doesn't produce cash flow.

By 2050, our long-term Bitcoin price prediction estimates that the maximum price could reach up to $11,94,927.3. With continuous developments and advancements in technology, it's possible that the average price of BTC Coin to be around $11,60,786.52.

A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report. The cryptocurrency's current price sits at around $43,000.

A reasonable assumption that Bitcoin could hypothetically reach the null state of it's value is worth the thought. Even-though such an event is very less likely to take place, there are some factors that could theoretically lead to Bitcoin price crashing to zero.

Who owns the most Bitcoin? ›

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.

With bitcoin hitting new highs, it'll likely reach the US$100,000 milestone before 2024 is out.

What should you invest in inside your 401(k) and Roth IRA? There are many different types of investments to choose from, but Ramsey says mutual funds are the way to go! Mutual funds let you invest in a lot of companies at once, from the largest and most stable to the newest and fastest growing.

According to the latest Crypto Wealth Report from Henley & Partners, there were 40,500 Bitcoin (CRYPTO: BTC) millionaires in the world at the end of last year.

So, 10 times from those levels would mean that Bitcoin could go as high as $350,000, Saylor said. If this is the case, you would need to own 2.86 BTC to become a millionaire. It would cost around $190,000 today.

Bitcoin's Price History

Notably, Cathie Wood, CEO of Ark Invest, predicted that bitcoin could reach an astounding $1.48 million by 2030. Obviously, the world's oldest cryptocurrency has come a long way since its first recorded price of less than a cent.

ARK Invest published a price prediction for Bitcoin, saying that Bitcoin could reach $1.48 million by 2030. Well, if that happens, you'll only need 1.08 Bitcoin, which would only cost you $75,000 today! If bitcoin does go this high, it will mean that your portfolio would have seen a 1328% increase.

In a recent interview, Dorsey suggested that Bitcoin is going to "at least a million" by 2030. What makes this forecast so interesting is that it's not coming from a Wall Street investment firm.