Cathie Wood Makes Eye-Popping $3.8 Million Bitcoin Price Prediction for 2030

Cathie Wood has an extremely bullish Bitcoin price target of $3.8 million by 2030, representing upside of 5,855% from current levels. This implies a $75 trillion market cap.

Wood believes recent SEC approval of Bitcoin spot ETFs and an upcoming halving event will drive substantial institutional investment into Bitcoin.

However, Bitcoin has failed real-world utility tests and its first-mover advantage has eroded as newer cryptos surpass it on transactions.

Bitcoin's supply is theoretically uncapped, held in check only by computer code that could change with consensus.

Other assets like stocks and gold have historically produced far better returns than Bitcoin, making Wood's lofty prediction seem unrealistic.