Cathie Wood Expects Volatile Bitcoin Uptrend, Sets $730K Base Case for 2030

BTC0.42%
According to ARK Invest's podcast on July 3, Cathie Wood said Bitcoin has entered a bottoming process and expects a volatile uptrend to resume. Wood cited the Bitcoin-to-gold ratio holding near mid-2023 levels as evidence that the worst is likely behind the market. She maintains a $730,000 base case and $1.25 million bull case prediction for Bitcoin by 2030, arguing capital outflows from less stable countries will support the asset. Bitcoin was trading at $61,936 at the time of writing.
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