Cathie Wood Forecasts Bitcoin Price Spiking Over 2,000% to $1.5 Million by 2027 Due to New ETFs and Institutional Interest

Cathie Wood predicts Bitcoin will soar over 2,000% to $1.5 million by 2027 due to new spot price Bitcoin ETFs, institutional investments, and upcoming reward halving.

Spot price Bitcoin ETFs resolve previous issues like high fees, volatility disconnect from Bitcoin price, and regulatory uncertainty.

Institutional investors allocating 5% of portfolios to Bitcoin could boost its price by $500,000 near-term per Wood's December 2021 prediction.

Persistent inflation and geopolitical conflicts could accelerate countries adopting Bitcoin as a mainstream currency.

Instead of predicting Bitcoin's future price, investors should ask if they believe the bullish arguments for Bitcoin as a long-term investment.