Cathie wood says 1 btc $1m by 2030 how possible?

[Ryker1]

Well, her prediction will perhaps be right and who will really know what will happen in the future?
But I think she is an attention seeker here that she wanted --if we remember Mr. John McAfee, he is a bullish predictor in the market but where he is now? Perhaps he realized that it is better to remain silent which makes noise of making an incorrect prediction.
However, let us thank them because they are bullish predictors, it will encourage people to invest but we hope that they will understand when there is a market crash. 

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[ethereumhunter]

I wouldn't be against it if Cathie wood said 1 btc $1m by 2030 because I believe bitcoin can definitely reach it in the future. But I don't think that it will happen in 2030 because it could be if it will happen before 2030. But whatever happens with bitcoin, we have to prepare by having more bitcoin for now because if it's too late, we won't be able to get big profits later. Besides, we still have 8 years to see if Cathie's statement will happen at that time or sooner than her statement.

[Henrobakkara]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

very doubtful that's going to happen unless all the countries of the world get rid of their fiat and just use bitcoin. but most country seem more interest in developing their own digital currencies than giving up control to bitcoin.

I don't think it might not be doubtful as you said but, I do think it is not because until all the countries of the world get rid of their fiat. Bitcoin didn't need that to get to its last ATH of $69k from the bottom of Bitcoins price years ago and will get there also in the future without the world getting rid of its fiat because most people and bigger institutions see Bitcoin first as an Investment now than what it was originally meant to be and if this will continue to be the case plus BTC limited supply, a $1million price is inevitable but whether this will be by 2030 about 8 years from now is a question of time will tell.

[DanWalker]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

very doubtful that's going to happen unless all the countries of the world get rid of their fiat and just use bitcoin. but most country seem more interest in developing their own digital currencies than giving up control to bitcoin.

I think its very possible mate, 8 years from now bitcoin will be really scarce ,creating cbdc by many countries cannot affect the bitcoin price since bitcoin is more decentralized above them all. Many people still want to hold a more secured currency compared to cbdc where it can be possibly subject to manipulation by every country so not trustworthy at all.

Yes, it is possible, but the probability is very low, I think it takes more time and more people to use bitcoin for it to reach $1 million. If you consider the growth over the years, bitcoin is getting higher and higher in value as the growth rate gets smaller and smaller, meaning it can no longer grow a few thousand percent like it did when bitcoin was below 1000dollars. I still believe bitcoin will hit $1 million but it won't happen anytime soon in 2030.

Bitcoin is still a risky asset, it is not as safe as you think, although the potential of bitcoin is great, it still carries many risks.

[Franctoshi]

I have watched several of her interviews where she repeatedly said that , but I don't know where this her 2030 1M price prediction is base upon, maybe she used the stock 2 flow model (S2F) by planB which predicts that Bitcoin will reach 1Million in price. Yes is possible that very price could be reached by the year 2030 looking at the previous performances of Bitcoin from Lunch till now.Therefore no one actually knows what BTC is going to do in the next bull run after 2024 and 2028 Halving years.

[NeuroticFish]

She is investing in bitcoin and crypto companies. Of course she trusts her investments will have high returns. Even more, this kind of declarations:
* may get others invest in bitcoin and crypto, hence making her earlier investments more profitable
* may get others invest in her company, meaning more money to work with and more profits for her

So, as usual, biased prediction, with other goals. It's not necessarily that she believes bitcoin will get to $1M. It's more that she is advertising bitcoin and herself.

[Cookdata]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

I was actually reading through my FB page and I came across this post which looks very catchy to people's attention which might likely have a very bad interpretation to those who doesn't understand how the market works. Lots of argument has been going and series of funny comments as well so decided to share over here if I could get something obtainable from individual here.
Read more news here.


Note this is not a financial advise, I just posted here for funny and to see how people thinks about bitcoin within 7 to 8 years to come just Cathie did.

Another Bullsh!t! 

Bitcoin will grow and organically break many prices that people do not expect, but what I dislike about some of these investors is that they make nonsense assumptions, they are the type of people who have created hype about bitcoin in order to fill their rich pockets with bitcoin rather than allowing bitcoin to grow organically. If bitcoin grows in adoption, no amount of FUD will bring it down, the fear of selling and being dumped on would be something of the past, but unnecessary posts and misleading information have led some people to invest in bitcoin, and when their expectations become clouded, they panic and sell, believing that bitcoin is a scam. Sigh!

[Adbitco]

Smiles this was like a sound of being courageous to herself and to other investors out there after facing the hit of the last year.
But from my thinking she might be right because this is about 8 years to come and we still have 2 more times for bitcoin halving and it could be achieved after through this processes.

[PrivacyG]

The higher bitcoin's marketcap becomes, the harder it is to get these price increase multipliers.

Not saying $1m in 2030 is impossible though — we already know today how bollocks bitcoin's cyclical bubbles can be. I just personally wouldn't bet on it.

I partially agree, but on the other hand certain stocks and Cryptocurrency markets have been so unpredictable and Fiat value keeps decreasing so the more this happens, the more Bitcoin can go nuts together with them.

I would have not seen Bitcoin this way a few years ago, but under current conditions?  Anything seems to be possible.

-
Regards,
PrivacyG

[NotATether]

I think she's right, I mean the price would at least touch $1m by then.

If you look at the current trends:

2017-2020 was 4 digits $5K - $10K on average
2021-2024 is 5-digits $20K - $50K on average
Then 2025-2028 could be around 6 digits $100K to $250K on average
Then you would have 2029 - 2032 could see anywhere from $500K to $1.25 million on average or at least close to the 1 million mark.

[thecodebear]

To hit $1m in the 2029 several things would need to happen.
....

Interesting insights. But I don't think bitcoin necessarily controls its own destiny in regards to it's price. Competition from other alternatives are outside of bitcoin's control. Government digital money being one of them. those things haven't even gotten going yet at least not in the usa but if they ever do then that's another thing for bitcoin to have to overcome. people value convenience and bitcoin is not so convenient for actually using it to buy things. you can't even use it on ebay.

another thing is, i want my purchasing power to be stable, i don't want it fluctuating in us dollar value.

Government CBDCs are no competition for Bitcoin. The value proposition of bitcoin is entirely different than fiat. CBDCs will make fiat more efficient sure, but also will have grave privacy issues. The implementation of CBDCs may actually drive Bitcoin adoption due to people not liking the privacy implications of CBDCs. But CBDCs are still the exact same thing as fiat, just in a new wrapper.

CBDCs competing with Bitcoin seems to be a common misconception. The USD already exists and is competition for Bitcoin in the future, CBDCs don't change that, its still the same USD.

And your point about wanting a stable currency. That doesn't change anything haha. Bitcoin is being adopted the past almost 14 years and is has never been stable, so its not like that is a new obstacle. Bitcoin's use case is not as a highly manipulated stable currency. It is as a hard currency that will appreciate over time and so you can store and increase value with it, and also it is borderless and not controlled by anyone. That's an entirely different value proposition to fiat currencies, which are manipulated to be fairly stable but are not long term stores of value because they continually lose value.

There are obvious huge use cases for both stable fiat currencies as well as a perfect hard currency. Bitcoin I expect will turn into the world's alternate currency to be used alongside national currencies, and it will become the chosen currency for long term savings because you'd have to be crazy to save in dollars or any other national currency when you could save in Bitcoin.

[stompix]

I think she's right, I mean the price would at least touch $1m by then.

If you look at the current trends:

2017-2020 was 4 digits $5K - $10K on average
2021-2024 is 5-digits $20K - $50K on average
Then 2025-2028 could be around 6 digits $100K to $250K on average
Then you would have 2029 - 2032 could see anywhere from $500K to $1.25 million on average or at least close to the 1 million mark.

Or, if we simplify things
From 2009 till now it went from 0 to 16k, so in 2035 it will add another 16k. 
Because you know, extrapolation:

She is investing in bitcoin and crypto companies. Of course she trusts her investments will have high returns. Even more, this kind of declarations:
* may get others invest in bitcoin and crypto, hence making her earlier investments more profitable
* may get others invest in her company, meaning more money to work with and more profits for her

So, as usual, biased prediction, with other goals. It's not necessarily that she believes bitcoin will get to $1M. It's more that she is advertising bitcoin and herself.

What can she do other than this?
It would be stupid for her to say something negative and it cost also zero to claim everything on Twitter or on Instagram or whatever
If she manages to convince one person to fund her investment it's a gain for her with near zero effort.

But when in these bearish times I see this kind of stuff it means some are getting really desperate, probably everyone is afraid he's next in line, and nobody trusts his business partner anymore, so their only way out of this is good for everyone would be a bull run, money flows in, losses are covered, everyone is happy!
Oh, btw it was 1.36m by 2030 in April
Cathie Wood's ARK Invest has set a price target of $1.36 million for BTC-USD by 2030.
And 500k in 2026
Cathie Wood predicts bitcoin will surge to $500,000 in 5 years

[fennic]

In my opinion that we might see 1 Milin dollars in Btc by 2032 and that would be top not a constant price cause at that Meta will be fully functional and a lot of many bug institutions might see big improvements and also we need trillionares so that btc market will grow further at higher points..

[Lucius]

Some people really throw themselves at numbers without making any sense, and this woman is no exception. I watched her live once in the broadcast and she didn't make any special impression on me, although we all concluded that they were all just defending their investments and that they were ready to say anything, no matter how unrealistic it was.

But looking at things realistically, all those who speculate with such big numbers are not the ones we should take too seriously, it's all just part of the game. We remember John McAfee and his speculations, so although it is not the same, to me it is more comical than serious in every sense.

[Antonas1]

This is what happens when we read the news too much. There is news that you really want and that gives you big dreams; also there is news that will destroy your mental. Although I like it when Bitcoin hits $1 million, I don't like predictions/speculations, no matter who says it.

[Little Mouse]

Who is Cathie Wood? Why her opinion matters? I really have no idea who she is to be honest. However, I wouldn't say it's possible or not, John Mcafee had told the same long ago though that didn't happen. It's very much possible when everyone will be able to use Bitcoin as their daily medium of expenses. When will it happen? No one knows.

[NeuroticFish]

What can she do other than this?

It's not about what she can do. It's normal/expected from her to do this.
It's about us, who should stop freaking out every time somebody makes a big prediction on Twitter, newspapers or TV.

[DdmrDdmr]

Many people invested in Bitcoin, with a voice on the media, will eventually make a prediction predicting that such or such amount will be reached, either not providing an associated deadline, or venturing one down the road. Mostly (if not all), predictions of the sort are wishful thinking, with an added grain of wanting to implant the idea in people’s minds that the figure is reachable.

We’ve seen this 1M $ figure given in the past by dozens of people, with timeframes that are way overdue now. People are bound to still believe it may happen, and it may even lure some readers to buy or hodl longer. All in all, I’m not sure how many people still consider it really feasible within a near enough timeframe (2030 is stretching it pretty far though).

[noormcs5]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

I was actually reading through my FB page and I came across this post which looks very catchy to people's attention which might likely have a very bad interpretation to those who doesn't understand how the market works. Lots of argument has been going and series of funny comments as well so decided to share over here if I could get something obtainable from individual here.
Read more news here.


Note this is not a financial advise, I just posted here for funny and to see how people thinks about bitcoin within 7 to 8 years to come just Cathie did.

Every now and then you will hear people saying unrealistic prices about bitcoin. They do it just to gain attention. You will see more of these posts in bull market and in bear market you will find people saying that bitcoin may go to zero.

I think bitcoin will reach $1M but it wont happen in 7 years from now. It may happen one day but we never know when this will happen. I remember that people use to say that bitcoin will reach 100,000$ or 200,000$ in last bull market but it never happened. Bitcoin will reach these prices but it will take time.

[yhiaali3]

Personally, I think that she went too far in her optimism, I do not expect that Bitcoin will reach a million dollars in 7-8 years, at least this is what we see through the de facto data in the market and the global economy, but no one knows, the situation may change from now to 8 years and get Big upheavals that no one expects, all of this is possible, but at the moment I see it as a bet that is very far from reality.
In any case, it is good to see some people are so optimistic about the future of Bitcoin, this encourages people and gives them confidence in the future of Bitcoin.