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Cathie Wood Predicts Bitcoin Will Be Worth $2030 Million By 1

Cathie Wood Predicts Bitcoin Will Be Worth $2030 Million By 1

HappyCoinNewsHappyCoinNews2024/12/21 04:00
By:HappyCoinNews

Founder and CEO Ark Investment Cathie Wood said in an interview with Bloomberg that by 2030 Bitcoin will cost $1 million.

According to Wood, the key factor in the growth of the flagship cryptocurrency's value will be its limited supply of 21 million BTC. She also recalled the possible shortage of Bitcoin, which increases the interest of large investors in the asset. Currently, more than 19,5 million coins have already been mined.

Bitcoin "This is really the first of a new asset class, and it will be the biggest opportunity of all," Wood said.

Responding to criticism of the speculative nature of BTC, the head of Ark Investment drew a parallel with gold, which is also used as a store of value. She also noted that Bitcoin's annual supply growth rate recently slowed to 0,9%, below gold's 1%. This means that kriptovalyuta is an even more scarce commodity than gold.

Like gold, Bitcoin protected by its scarcity, but unlike precious metals, it is backed by the largest computing system in the world, making it the safest asset in the world, Wood explained.

Bitcoin has fallen nearly 5% this week and is currently trading closer to $97,000.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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