Cathie Wood Makes Bold Bitcoin Price Prediction, But Obstacles Remain
• Cathie Wood predicts Bitcoin could reach $1.48 million per token by 2030, a gain of over 33,000% • Wood argues institutional adoption, inflation hedging, and cross-border remittances will drive Bitcoin prices higher • However, Bitcoin has seen little real-world adoption over 15 years compared to other innovations • Bitcoin has not acted as an inflation hedge, trading more like a speculative risk asset • Obstacles like regulation, institutional distrust, and failed experiments temper the outlook for major gains