Cathie Wood Raises Bitcoin Price Prediction to $1.5 Million by 2030, Citing New Bullish Factors
• Cathie Wood predicts bitcoin could reach $1.5M by 2030 in a bullish scenario, a 50% increase from her previous $1M prediction
• The probability of hitting the bull case has gone up due to SEC approval of spot bitcoin ETFs this week
• ARK's bear case sees bitcoin at $258,500 by 2030, base case predicts $682,800
• Factors supporting the prediction include higher hashrate, long-term holder supply, addresses with balances
• Standard Chartered also predicts massive price jump, to near $200,000 by end of 2025, comparing to 2004 gold ETF launch