Ark Invest CEO Cathie Wood predicted Bitcoin will attain $650K by 2030 as Robert F. Kennedy Jr. (RFK) says he has put most of his wealth in BTC.
Wood instructed CNBC’s Squawk Box that Ark’s 2030 worth goal for Bitcoin is $650,000 within the base case, and between $1 million and $1.5 million within the bull case.
Cathie Wood Says Bitcoin Still Has A “Long Way To Go”
During the interview, Wood mentioned that Ark Invest was the primary public asset supervisor to achieve publicity to the most important crypto by market cap after it bought BTC in 2015 at $250 per coin. Bitcoin has since risen exponentially with the king of cryptos buying and selling at $91,953 as of three:20 a.m. EST after a 13% surge previously week.
Despite the parabolic achieve in Bitcoin’s worth since 2015, the Ark Invest CEO nonetheless believes that BTC’s worth has a “lengthy technique to go.” Much of this predicted momentum, based on Wood, shall be ignited by “regulatory reduction” within the US after the brand new Trump administration enters the White House in January.
She added that Ark Invest now views Bitcoin as “a brand new asset class” versus only a world financial system. She believes that different “asset allocators” will view BTC in the identical method and can need to embrace the crypto of their funding portfolios for diversification.
RFK “Committed” To BTC
Wood just isn’t the one individual bullish on Bitcoin. Former impartial presidential candidate Robert F. Kennedy Jr. mentioned that he’s a “enormous supporter of Bitcoin” in a Nov. 16 X publish.
Along with being a “hedge towards inflation for center class Americans,” he believes that Bitcoin is “the forex of freedom” that may “treatment the greenback’s downgrade from the world’s reserve forex.”
This just isn’t the primary pro-Bitcoin publish by the previous candidate. In July 2023, he revealed that he bought 2 Bitcoin for every of his 7 kids.
