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

[Adbitco]

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.

[OgNasty]

Her funds have taken an absolute beating over the last year. What else can she say? She’s trying to reassure investors and she’s even been trying to raise new capital to start yet another fund. She’s putting her money where her mouth is though. Recently buying more Coinbase and GBTC for her funds. I think she’s in a difficult spot right now, but it seems like there will be better days ahead.

[Darker45]

She's probably not talking about a literal million-dollar price per Bitcoin. I haven't watched the entire interview, just some short cuts of it, but it seems she's just saying Bitcoin is here to stay and will even grow much bigger in the years to come. Although, she says , there will be institutions who would take a step back and reassess, relearn, and reevaluate things, that's basically bullish on Bitcoin as it would mean getting to know Bitcoin more and be more comfortable with it. And, as OgNasty said, that's probably what she really needs to say right now.

But that's what everyone should be saying right now if only to counter the media narrative which seems to suggest that Bitcoin is falling. Indeed, Bitcoin is being adversely affected by what's been happening in the crypto industry recently, but lest everybody forgets, FTX is not Bitcoin. Gemini, BlockFI, Voyager, Crypto.com, Binance, Coinbase, and so on are not Bitcoin. They all may fall one after the other but it doesn't actually affect Bitcoin itself.

[Despairo]

Why do you think it's funny? when Bitcoin price still less than $1,000 on 2016, is there anyone can predict Bitcoin price would reach $19K in the next year? the difference is 19x times and Bitcoin can prove it. Last year Bitcoin make new ATH for $69,000 and if we multiple it with 19, we will get $1,311,000 which is higher than her prediction. Another thing is 7-8 years is really long, I think the possibility is really high since technology really improve a lot.

[larry_vw_1955]

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.

[mk4]

Why do you think it's funny? when Bitcoin price still less than $1,000 on 2016, is there anyone can predict Bitcoin price would reach $19K in the next year? the difference is 19x times and Bitcoin can prove it. Last year Bitcoin make new ATH for $69,000 and if we multiple it with 19, we will get $1,311,000 which is higher than her prediction. Another thing is 7-8 years is really long, I think the possibility is really high since technology really improve a lot.

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.

[ice18]

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.

[Poker Player]

Well, she is an interested party. She is not going to start saying that in that year it will be worth 0 to scare off her investors.

I, while I believe that in the future we are going to have less spectacular returns than in previous cycles, and that this cycle is proof of that, I do not rule out that figure for then, but on the condition that we continue with high inflation.

Think that US inflation has been 8%. I think it will moderate but let's assume it is 5% or more. If it stays at 6 or 7%, by compound interest, $1M then will have half the purchasing power it has now. So, it getting to $0.5M in purchasing power in two cycles doesn't seem so far fetched.

[thecodebear]

I used to think that ($1m by 2030) but I think Bitcoin will grow a bit more slowly than I had expected. There are lots of bad optics around bitcoin due to misinformation and just general lack of education on Bitcoin and Crypto, including how they are completely different.

I think that education will take a long time to spread and that'll slow Bitcoin's growth.


I now think Bitcoin will reach $1 million maaaaaybe in the 2032/33 bull run but more likely in the 2036/37 bull run, when I think it could hit more like $1.5 million.

I think we'll probably only see in the $400,000's by the end of this decade.

I'm projecting (read: guessing) the next four bull runs through 2037 to be something like $150k-$200k, $400k-$500k, $800k-$1m, >$1.5m.


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

- Large corporations would have to totally come on board and decide to hold some of their cash on hand in Bitcoin. This started in 2020 but didn't spread terribly far yet. Probably a few smaller governments decide to hold some assets in Bitcoin, like say selling some Gold to pick up some Bitcoin.

- The environmental opposition to PoW needs to be settled which means educating the masses and especially politicians on why PoW is good and how it helps out society and is not a danger to the environment and rather than preventing movement to clean energy it actually helps move the world to clean energy.

- LN needs to develop further and fix any major current issues so that it is ready for the average Bitcoin owner to use it.

- Amazon and other major retailers need to start taking Bitcoin on-chain and over LN.

- People need to get educated about what makes Bitcoin unique and why it isn't anything like any other crypto.

- But most of all the uninformed take by the masses that Bitcoin is some scammy risky thing that people lose money on needs to change. I don't know how that changes. I mean I once showed a coworker a few years ago the long term Bitcoin chart and how it just keeps going up and even after that, sometime later, he said all Bitcoin does is go down. I was incredulous haha. The fear center in the brain overrides the logic center so easily. As long as Bitcoin continues to have major crashes after bull markets it won't matter how many stories there are about people building long term wealth with Bitcoin and it won't matter that Bitcoin keeps going significantly higher each bull market because the only thing the outsider observer remembers are the crashes. So for Bitcoin to hit $1m in 2029 I think the 2026 bear market period would need to be much gentler than in previous cycles so that people don't spend 12-18 months hearing in the media about how bad Bitcoin is doing and seeing constant claims that it is finally over and will go to zero.

[bittraffic]

Well, she is an interested party. She is not going to start saying that in that year it will be worth 0 to scare off her investors.

I, while I believe that in the future we are going to have less spectacular returns than in previous cycles, and that this cycle is proof of that, I do not rule out that figure for then, but on the condition that we continue with high inflation.

Think that US inflation has been 8%. I think it will moderate but let's assume it is 5% or more. If it stays at 6 or 7%, by compound interest, $1M then will have half the purchasing power it has now. So, it getting to $0.5M in purchasing power in two cycles doesn't seem so far fetched.

It's just too high to achieve in less than 10 years. BTC to be $1M is not so far fetch, people didn't even believe it could reach $50K but it did and it's down back again.

She's bullish, believing her will make you bullish. She's hoping for roaring 20's because of the geopolitics happening today so she bets her bottom Bitcoin and kept buying coinbase.

[pooya87]

Regardless of who said this and why, the $1 million price is still easily achievable even though it may not look like it when we are in a crash/dip. One thing we've learned from the past is that bitcoin is the only stand alone market in the world but it still is affected by major global economic events. For example right now the Western economy is in ruins, the more they try to increase the interest rate the more they are trying to keep it alive artificially. But they've already increase it 5 times an the effects of it are starting to fade away without them being able to decrease the energy price (eg. oil and gas) so now they are facing both inflation and recession.

The point is that as soon as this game with interest rates stop and the economic crash completes naturally, we can start seeing the bitcoin price go back up again and this time due to the fiat like dollar tanking hard, the bitcoin price would go a lot higher than what we'd expected and a price like $1 million would be nothing by then since $ is not worth what it used to any more..

[larry_vw_1955]

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.

[wxa7115]

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.

We need to differentiate between what is possible and what is likely, anything is possible in this world especially if we are giving 8 years for that price to be reached, however we need to think about what kind of world will allow bitcoin to grow so much so fast.

During that period of time bitcoin will experience two halvings, so on its own I think bitcoin could reach a price of 250k or 300k without too much of a problem, but in order to makeup for the difference we will need high inflation during that time frame and an increase in the distrust in the economy by the public, so one million dollars for each bitcoin during that time is reachable, but it is close to the limit the price of bitcoin can reach under an economy which stills works.

[coinerer]

Everything is possible with Bitcoin.  Bitcoin has shown a lot in the past as well.  For example, in 2017, ATH at $20,000 went down to $3,200 and then went up to $68,000.  So it is also not impossible that Bitcoin can go to 1 million dollars.  But this will take a long time to happen which not all holders will have the patience to enjoy.  And those who can will be the successful holders

[Totoff]

According to me there’s a real problem.. it’s fake bitcoin.. I don’t speak about BSV and BCH (even if they are also in the problem) but I speak about all wrapped bitcoin (how to be certain there’s a real 1:1 ratio) I also speak about GBTC and all paper bitcoin .. still no proof today that Coinbase hold the real equivalent and more important today after the bankruptcy of FTX is to be sure that BTC hold on exchanges are really existing and not only some lines on computers ..

If we want Bitcoin to go up it’s really important to stay away from this kind of fake bitcoins or we need real proofs of a ratio 1:1 .

This is my opinion

[davis196]

I guess that this woman is trying to replace John McAfee and Michael Saylor as an extremely bullish price predictor.
The Bitcoin price hitting 1 million by 2030 is close to impossible, because "the powers that be" won't allow it. The central banks and the governments will do everything they can to oppress the crypto community. The crypto community itself is far from perfect, with all the crypto scams, token/shitcoin/NFT scams, all the greedy, naive people, who are searching for the next big thing, pump&dump scams etc.
I would say that a 100K USD Bitcoin price is really achievable by 2030 and this would be great. Nobody knows what would the world look like by 2030. Will the West vs. East antagonism end? Will there be a new cold war?

[DapanasFruit]

In the midst of chaotic platform collapse in the cryptocurrency industry, it is still good to hear someone who is really so optimistic with Bitcoin. And honestly, we have to remember that Bitcoin is not FTX and although this whole mess can be affecting the timeline for Bitcoin this will not stop it. Remember Mt Gox for that matter. Now, whether Bitcoin can be 1M$ in 2030, it does not matter in the end...the thing is that it is here to stay and will be in the future.

[Totoff]

In the midst of chaotic platform collapse in the cryptocurrency industry, it is still good to hear someone who is really so optimistic with Bitcoin. And honestly, we have to remember that Bitcoin is not FTX and although this whole mess can be affecting the timeline for Bitcoin this will not stop it. Remember Mt Gox for that matter. Now, whether Bitcoin can be 1M$ in 2030, it does not matter in the end...the thing is that it is here to stay and will be in the future.

But GBTC is paper bitcoin and not real bitcoin.. no proof that grayscale really own 1:1

So many money could be lost for real bitcoin

[Aanuoluwatofunmi]

Well i see this as an inspirational motivation than the depression going around the media about bitcoin coming down to zero, at least if we can have many of the likes of Cathie Wood in the world of digital currency and bitcoin there will be less to fear of missing out for any unnecessary demands, bitcoin may and may not attaining this far by going to that extent of $1m by 2030 but can get close to over thousands of dollars which we can have a good idea of this right from the growth rate in its adoption, market cap, market volume and how it has been speedingly attaining a new ATH within a space of every four years to where we've got by now, who knows what will be the next ATH after $68k as some have predicted over $140k by 2024.

[hZti]

Her funds have taken an absolute beating over the last year. What else can she say? She’s trying to reassure investors and she’s even been trying to raise new capital to start yet another fund. She’s putting her money where her mouth is though. Recently buying more Coinbase and GBTC for her funds. I think she’s in a difficult spot right now, but it seems like there will be better days ahead.

If you buy extremely dangerous investments like GBTC it shows that you are desperate. Yes the gain can potentially be huge, but what will most likely happen is that you loose everything.