Cathie Wood Updates Her Bitcoin Price Prediction for 2030

Cathie Wood, CEO of ARK Invest, has updated her Bitcoin price forecast for 2030 and remains bullish on the industry’s leading cryptocurrency.

In an interview with CNBC, she stated that BTC still has significant upside potential, driven by an increasingly limited supply and institutional interest that’s just beginning to take shape.

According to Wood, her base-case scenario places Bitcoin between $700,000 and $750,000 by the end of the decade, while her most optimistic scenario sees it approaching $1.5 million. This forecast relies on several factors, including the growing adoption of BTC as a store of value alternative to gold and its expanding use in countries with unstable financial systems.

One of ARK Invest’s key arguments centers around supply dynamics. Fewer than one million BTC remain to be mined, a factor that will reduce future availability and reinforce its position as a scarce asset. At the same time, Wood pointed out that institutional investors remain cautious but have already started adding BTC to their portfolios.

Bitcoin: A Safe Haven for Emerging Markets

Beyond market conditions, Wood discussed the opportunities Bitcoin offers in emerging markets, where currency restrictions and monetary instability are fueling demand for decentralized assets. This factor, combined with growing corporate interest and limited supply, shapes the scenario ARK considers favorable for BTC’s sustained growth.

Since January 2025, ARK Invest has operated its own BTC-based exchange-traded fund, the ARK 21Shares Bitcoin ETF (ARKB), holding 48,363 BTC valued at roughly $5 billion. At the time of writing, Bitcoin is trading around $104,300 after a 10.6% gain over the past week, with little change in the last 24 hours. While Wood believes this price reflects a positive trend, it’s still far from the levels her team expects by the end of the decade.TL;DR: Cathie Wood, CEO of ARK Invest, remains bullish on Bitcoin and sees significant upside potential in the cryptocurrency, driven by limited supply and rising institutional interest.

According to her, her firm's base-case scenario estimates Bitcoin to reach $700,000-$750,000 by 2030, with her most optimistic scenario placing it closer to $1.5 million. This forecast relies on factors such as BTC's adoption as a store of value and its use in countries with unstable financial systems.

One factor highlighting Bitcoin's scarcity is that less than one million BTC remain to be mined.

According to Wood, institutional investors are also beginning to add Bitcoin to their portfolios, albeit cautiously, as they seek assets that offer some 'downside protection.'

According to her, emerging markets are driving demand for Bitcoin due to currency restrictions and monetary instability, shaping the scenario ARK considers favorable for BTC's sustained growth.

ARK Invest operates its own BTC ETF, the ARK 21Shares Bitcoin ETF (ARKB), holding 48,363 Bitcoin valued at roughly $5 billion.

Bitcoin is currently trading at around $104,300 after a 10.6% gain over the past week, showing little change in the last 24 hours. While Wood believes this price reflects a positive trend, it’s still far from the levels her team expects by the end of the decade.