Institutional investors are boosting their exposure to digital assets, which could drive Bitcoin's price to $1.5 million, according to Cathie Wood, CEO of ARK Invest.
Increased Bitcoin Chances
Despite global trade wars and new tariffs, Bitcoin remains below $100,000. However, its chances of reaching $1.5 million are increasing. Wood emphasizes that the institutionalization of this asset class raises the odds for their bullish scenario.
ARK Invest Predictions
According to ARK Invest's report, Bitcoin could rise to $1.5 million by 2030, assuming a 58% average annual growth rate. Their base case sees it at $710,000 with a 40% growth rate and a bear case at $300,000 with a 21% growth rate.
Impact of Institutional Investment
Institutional investors are viewing Bitcoin as a distinct asset to add to their portfolios, which may boost confidence. The potential 'supply shock' created by high demand and limited supply could be a significant factor in Bitcoin's rise.
Institutional investor influence and Bitcoin's supply limitations might be key factors driving its potential rise to $1.5 million by 2030.
