Posted 12/17/2023, 10:14:00 AM
Cathie Wood Makes Extremely Bullish Bitcoin Price Prediction, Despite Slow Adoption
- Cathie Wood predicts Bitcoin could reach $1.48 million per token by 2030, a gain of over 33,000%
- She sees institutional adoption, use as an inflation hedge, and utility for remittances driving growth
- However, adoption has been slow over Bitcoin's 15-year history compared to other innovations
- Obstacles include volatility, lack of trust/security, negligible real-world use cases so far
- Wood's ultra-bullish prediction seems unrealistic given Bitcoin's failure to gain traction as "digital gold"