Innovation investor and Bitcoin (BTC-USD) bull, Cathie Wood, has said that she believes Bitcoin will hit $1 million per coin by 2030. This would equate to an increase of over 60 times from current prices.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
She believes the recent failures of crypto organizations such as FTX are good for Bitcoin as it battle-tests its infrastructure and thesis.
Wood currently has over $55 million worth of Grayscale Bitcoin Investment Trust (OTC:GBTC) in her ARK Next Generation Internet ETF (ARKW), translating into an approximate 5% weighting.