TL;DR

• Cathie Wood predicts BTC could reach $650,000 by 2030, citing regulatory shifts and institutional adoption as key drivers.
• Analysts expect further gains, with targets up to $245,000 next year.

Bullish as Usual

Bitcoin (BTC) has performed impressively in the past week, with its price pumping above $93,000 on November 13. In the following days, it consolidated at around $91,000, while currently, it trades at $90,100 (a 115% increase year-to-date).

The bull run has triggered massive enthusiasm across industry participants, with many envisioning further gains in the future. Unsurprisingly, one of the biggest optimists is Cathie Wood (CEO of ARK Invest). 

In a recent interview with CNBC, she reiterated her prediction that BTC could be worth $650,000 by 2030. Moreover, Wood believes that the valuation may explode to up to $1.5 million in the “bull case” scenario. 

The executive mentioned two main factors that could push BTC to new peaks. First, she expects that the administration of the upcoming American president, Donald Trump, will bring “regulatory relief” on all kinds of innovation.

Recall that the Republican, who