Bitcoin Price Prediction Soars to $1.5 Million by 2030 According to Cathie Wood

Cathie Wood of ARK Invest predicts Bitcoin could reach $1.5 million by 2030 in a bull case scenario, up from her previous $1 million prediction
Wood cited increased institutional investment, Bitcoin ETF launches, rising hash rates, and more long-term holders as reasons for her lofty forecast
Bitcoin ETFs have seen huge inflows, over $2 billion for ARKB in under 2 months, signaling major new demand
If ETF inflows continue at current rates, they could absorb the entire liquid BTC supply by September 2024, though unlikely
With new ETF-fueled demand, some predict a Bitcoin supply squeeze coming as liquidity gets absorbed from order books