Ark Invest CEO Cathie Wood says that Bitcoin (BTC) remains on schedule to reach a target price of at least $ 700,000 within years.
In a new interview on CNBC’s Squawk Box, Wood out Ark continues to predict that Bitcoin will increase at least 580% of its current value by 2030.
“We have always had a goal of 2030, the basic case in the range from $ 700,000 to $ 750,000, the bull case in the range of $ 1.5 million.”
Wood says there are three drive factors behind the enormous prediction of Bitcoin price.
“David Puell, onze analist en onze on-chain-analist, hebben dat stuk onlangs uitgezet, en je kunt de bouwstenen zien, hoeveel aandelen we verwachten dat bitcoin uit goud haalt of die store-of-waarde-markt zou laten groeien, instellingen die inkomen-en ze hebben nauwelijks verhuisd, we hebben een miljoen meer moins, ruwweg, om ooit te worden getest, en dan zijn er net zo goed, en dan zijn we het even goed, en dan zijn We are equally good and we think we have miles.
Wood also says that the US has been in a recession, but that it will end quickly after there is more clarity around the tariff negotiations of President Trump, which opened the door for massive economic growth, partly driven by progress in artificial intelligence (AI).
“I have just postponed a letter about the rolling recession that we have been in the last three years, because the Fed has increased the rates. We received a negative quarter in the first quarter and possibly also in the second quarter. And I think more and more people are worried about a long -term recession, after the much larger production.
And it is interesting that if you look at the government sector, we see incredible productivity movements. There is a video between the new head of the FDA (US Food and Drug Administration), and the new head of Cder (Center for Drug Evaluation and Research), and they are talking about Generative AI in assessing studies, medical examinations, which reduce work from days to minutes. So there is a lot of productivity, I think evolve in the ecosystem …
I Think that we will see much more productivity -driven growth, which means that inflation will be much lower than expected, which will be very capital -friendly. “
Bitcoin acts for $ 102,811 at the time of writing, an increase of 2.4% in the last 24 hours.
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