Ark Invest CEO Cathie Wood believes Bitcoin could reach $1.5 million by 2030, driven by institutional adoption.
The company had earlier projected that even in a conservative case, Bitcoin could surpass $710,000, while a bear case scenario still projects a price of $300,000.
Despite long-term bullish projections, Bitcoin faced $44 million in liquidations over the past 12 hours and $66 million within 24 hours.
Bitcoin’s long-term price trajectory remains a hot topic within the cryptocurrency industry, and Ark Invest CEO Cathie Wood is making yet another bold prediction.
According to Wood, institutional adoption could propel Bitcoin to an astonishing $1.5 million by 2030. However, her bullish outlook comes at a time when $66 million worth of BTC has been liquidated in 24 hours.
Cathie Wood’s Bullish Bitcoin Forecast
Speaking in a recent , Wood doubled down on Ark Invest’s ambitious Bitcoin price projection, citing growing institutional demand as a key driver. She believes that as more companies and financial institutions integrate BTC into their portfolios, the asset’s scarcity and utility will drive its value exponentially higher.
“We actually think the odds have gone up that our bull case will be the right number, because of what is becoming the institutionalization of this new asset class.”
“We actually think the odds have gone up that our bull case will be the right number, because of what is becoming the institutionalization of this new asset class.”
Wood’s optimism aligns with Ark Invest’s previous titled: Big Ideas 2025 where the company painted several scenarios on potential Bitcoin performance.
According to the report, in its most bullish case, if the leading crypto asset maintains a 58% Compound Annual Growth Rate (CAGR), it could trade as high as $1.5 million in the next five years. During this period, the firm estimated that many institutional investors are looking to include the crypto asset in their portfolio because its “high return and risk profile looks so much different than all the other assets in their portfolios”.
However, if it touches a more conservative 40% CAGR, it could peak at around $710,000. Ark Invest believes that even in a worst-case scenario with a 21% CAGR, Bitcoin could still reach $300,000 by 2030.
More than $40 Million Liquidated in 12 Hours as Bitcoin Sees Wild Swings
While talking about the major BTC news today, it is impossible not to mention the current situation in the market. Despite the bold long-term outlook, Bitcoin is still grappling with short-term price instability. Over the past 24 hours, more than $66 million in Bitcoin positions have been wiped out, highlighting the market’s ongoing volatility.
shows that the liquidations were split between long and short positions, indicating uncertainty among traders. In the past day, long traders recorded more than $56 million in losses while short sellers faced around $10 million in liquidation.
The recent sell-off comes after Bitcoin failed to sustain momentum above key resistance levels, leading to cascading liquidations across major exchanges. The leading crypto asset dropped below its historic $100,000 mark and is currently trading around $95,000.
In the last 24 hours, a total of $280.79 million was wiped out from the crypto market with accounting for the majority of the losses. According to CoinGlass, the exchange contributed approximately 36% of the total liquidations, followed by Gate.io, OKX, Bybit, and HTX.