Cathie Wood predicts Bitcoin will hit $1.5 million by 2030, indicating positive outlook for Bitcoin market.

From Nasdaq

September 8, 2024 05:45:00 AM:

Cathie Wood, famous for predictions, believes in huge long-term upside for Bitcoin. She previously forecasted Bitcoin reaching $1.3 million by 2023. While exact figures didn’t match, general trajectory did. Wood now predicts Bitcoin hitting $1.5 million by 2030, potentially even higher with institutional involvement backing it up. Venture capitalist Tim Draper also remains a huge Bitcoin bull with a $250,000 price target.

Bitcoin’s total market cap is $1.2 trillion, compared to gold’s $15 trillion. Wood and Draper’s predictions place Bitcoin’s value at or below gold’s. Bitcoin’s role in the expanding crypto ecosystem could eventually give it more utility than gold. While short-term volatility is expected, long-term optimism remains high. Consider all speculation with caution.

The Motley Fool’s Stock Advisor team sees long-term potential in Bitcoin, but didn’t include it in their list of top stocks. Stock Advisor offers a blueprint for investment success with past picks generating substantial returns. Should you invest $1,000 in Bitcoin now? Evaluate all factors before making a decision. Investments come with risks and rewards, so consider your options carefully.

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