Cathie Wood, the founder of asset management firm Ark Invest, said Wednesday that the firm’s conviction in the $1.5 million bull case for Bitcoin (CRYPTO: BTC) in 2030 has strengthened thanks to several bullish developments last year.
What happened: During an X Spaces discussion on Wednesday, Wood stated, “Our bull case is at $1.5 million. Our conviction in that bull case has grown,” owing to what she described as “greenlights” in 2024.
Wood, a veteran stock picker and long-time Bitcoin proponent, has set a base target price of $650,000 by 2030, with an optimistic scenario reaching $1.5 million.
She cited the …
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