Here’s How Much $100 In Bitcoin Could Be Value In 2030 If Cathie Wood’s Price Goal Is Reached
Ark Invest CEO Cathie Wood has been a vocal bull for the cryptocurrency sector for years, specifically for leading cryptocurrency Bitcoin (CRYPTO: BTC), which she recently said might be helped by the incoming White House administration.
Wood has shared price targets for Bitcoin through the years, including a high of $3.8 million for BTC by the yr 2030. Here’s a take a look at how much a small investment in Bitcoin today could increase over time if Wood’s various price targets are reached in the longer term.
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Following Wood Into Bitcoin: With Bitcoin hitting all-time highs after the 2024 presidential election, big questions remain about how high the leading cryptocurrency can go and the way long it’ll take to achieve various milestones like $100,000.
Earlier this yr, Wood laid out her price targets for Bitcoin based on a bear case, base case and bull case for the yr 2030. Wood also added a latest bull case that features the potential highest price Bitcoin could reach by 2030 if corporations allocated 5% to Bitcoin.
With Bitcoin trading at $89,384.76 on the time of writing, an investor could buy 0.00112 BTC today with $100. Here’s a take a look at how much that $100 could be price in the longer term under Wood’s various price targets.
Bear Case, $258,500: $100 today could be price $289.52, up 189.5%
Base Case, $682,000: $100 today could be price $763.84, up 663.8%
Bull Case, $1,480,000: $100 today could be price $1,657.60, up 1,557.6%
Bullish Case, $3,800,000: $100 today could be price $4,256.00, up 4,156.0%
As you possibly can see, a small investment would turn right into a sizable return if Wood’s base or bullish predictions come true. Even the bearish price goal hitting would greater than double the investment from today.
While there’s no guarantee that any of the value targets will hit, the exercise shows how a small investment in cryptocurrency could add up over time.
What’s Next: Wood recently reiterated her price targets in a CNBC interview while highlighting how Ark Invest was early to investing in Bitcoin.
“We were the primary public asset manager to realize exposure to Bitcoin in 2015 at $250,” Wood said.
Wood said that even with Bitcoin trading around $90,000, the corporate believes there’s an extended option to go.
The fund manager said that getting regulatory relief with a latest administration is probably the most essential things for Bitcoin. Wood also sees Bitcoin being viewed as a latest asset class, resulting in more institutions and asset allocators wanting to speculate in the highest cryptocurrency.
Wood’s most up-to-date $3.8 million price goal could be one in every of the largest from a fund manager and amongst essentially the most bullish bets on cryptocurrency. The goal got here from the approval and early success of Bitcoin ETFs earlier this yr.
“With this institutional green light that the SEC has provided, kicking and screaming though it did, the evaluation we’ve done is that if institutional investors were to allocate a bit of greater than 5% of their portfolios to bitcoin, as we predict they may over time, that alone would add $2.3 million to the projection I just gave you,” Wood said.
Adding $2.3 million to the $1.5 million results in a latest price goal of $3.8 million for 2030.
The approval of the Bitcoin ETFs led Wood to say in an interview that “the probability of the bull case has increased.”
Wood and Ark Invest aren’t just betting on the success of Bitcoin with its cryptocurrency holdings and the ETF, the corporate can be investing in crypto-related corporations.
The flagship Ark Innovation ETF (NYSE:ARKK) has Coinbase Holdings (NASDAQ:COIN) as its third-largest holding, accounting for 9.5% of its assets. Robinhood Markets (NASDAQ:HOOD) is the fund’s sixth-largest holding, accounting for five.0% of its assets.
Bitcoin hit an all-time high of $93,434.36 on Nov. 13, one in every of several records set after the 2024 election.
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