Cathie Wood’s Shocking Bitcoin Prediction (WTF!)
Cathie Wood’s bitcoin prediction is jaw dropping. She recently appeared on Bloomberg news and claimed that Bitcoin will hit a high of $1 million per coin by 2030.
This seems ambitious.
Cathie Wood’s Bitcoin Prediction
I’m a Cathie Wood bull, but this seems ambitious. https://t.co/5REzKUSwK7
— Big D Trader (@TheBigDTrader) November 28, 2022
Okay, I like where her head’s at. And I’d be thrilled if it were actually possible for Bitcoin to hit $1 million in eight years.
Cathie Wood has gotten a bad rep the past year for his main fund Ark Innovation ($ARKK) being down more than 60% year-to-date.
However, if we turn back the clock to 2020, she was being praised by Bloomberg as one of the best investors of the year.
So, which one is it: good or bad investor?
I for one am a self-proclaimed bull for Cathie Wood. It’s so easy to throw stones from the sideline at someone, who is in the arena.
She left the traditional world of investing in 2014 to start a “disruptive innovation” fund. I applaud this.
She’s definitely an early adapter and a visionary. As a result, she’s experienced higher volatility than your average value investor.
I think we can all agree that value investing sure seems like the safer bet this past year of pain. But, to shift forward into the roaring 20’s, I’d rather be on Wood’s team.
Will Bitcoin Actually be Worth $1 Million per Coin?
I have to disagree with Cathie here. It’s good to make hot takes, as we live in a social world and they’ll generate dialogue.
It’s also important to look past crypto winter and decipher where things will stand in the next bull market.
The one thing I am certain of is that BTC will beat its all-time-high of $68,789.63 in 2025.
Why 2025? Because America will finally have come to its senses and elected Ron DeSantis as the next president.
I don’t like to get too political on here, but the current regime isn’t cutting it for financial progress.
DeSantis, who is much more mild tempered than Donald Trump, will focus his legislation on initiatives that benefit the average retail investor (lower taxes, less regulation, etc.).
Afterall, less tax and regulation would benefit anyone seeking personal financial freedom.
Let’s say for hypothetical sake BTC does beat its all-time-high in 2025, here’s what the price could look like:
Hypothetical BTC performance to 2030:
2023: $39,450
2024: 48,650
2025: 74,521 (DeSantis sworn = Bullish)
2026: 79,331
2027: 84,600
2028: 75,600 (mild bear market; election year)
2029: 93,450 (DeSantis second term)
2030: 110,101
That would be my best guess on a realistic BTC scenario and catalysts.
However, Wood’s prediction is way more fun to think about.
What do you think Bitcoin will be worth in 2030? Comment below.
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