Bitcoin [BTC] Price Could Reach $1.5 Million by 2030 Says Cathie Wood

[huu78]

The more good news there is about Bitcoin, the better it will be for market conditions, but predictions could be wrong, but if you look at the current condition of the US dollar and the resulting inflation, this could happen, sooner or later.

[ajiz138]

I wouldn't be surprised to see some CEO's say about the future price of bitcoin with predictions that are a little bit crazy, not that I don't believe it but it's too big and he often says on predictions that are always changing due to the approval of ETFs even increasing his predictions.

It's everyone's personal opinion how he sees Bitcoin, so his prediction is also his personal and if he thinks Bitcoin has that future potential then it's a matter of time to see how long it takes for his prediction to come true. There was a time when there was doubt that Bitcoin would cross the $10000 price but it has crossed that and now Bitcoin is trading at a much higher price. But yes, it is still too early to consider whether Bitcoin will reach this target of $1.5 million.

I am now eagerly waiting to see when bitcoin will cross the $100k target. The probability of Bitcoin going to $1.5 million in 2030 seems very low to me, because that is a very big target.

I know it's their personal opinion but when it's an institutional person in front of the media talking about it, it will become public speculation, actually this is not bad news considering their predictions are high not down so it's only natural that their predictions are too big even though it's just a prediction sometimes it's not right.

The proof is indeed waiting for time to arrive whether this will happen or not.

You agree with me that the $1.5M prediction is still low, still for me it's too high unless $500K might still be reasonable.
You're waiting for $100K, I'm just as eager to partially release at that price. LOL

[ScamViruS]

I wouldn't be surprised to see some CEO's say about the future price of bitcoin with predictions that are a little bit crazy, not that I don't believe it but it's too big and he often says on predictions that are always changing due to the approval of ETFs even increasing his predictions.

It's everyone's personal opinion how he sees Bitcoin, so his prediction is also his personal and if he thinks Bitcoin has that future potential then it's a matter of time to see how long it takes for his prediction to come true. There was a time when there was doubt that Bitcoin would cross the $10000 price but it has crossed that and now Bitcoin is trading at a much higher price. But yes, it is still too early to consider whether Bitcoin will reach this target of $1.5 million.

I am now eagerly waiting to see when bitcoin will cross the $100k target. The probability of Bitcoin going to $1.5 million in 2030 seems very low to me, because that is a very big target.

I know it's their personal opinion but when it's an institutional person in front of the media talking about it, it will become public speculation, actually this is not bad news considering their predictions are high not down so it's only natural that their predictions are too big even though it's just a prediction sometimes it's not right.

The proof is indeed waiting for time to arrive whether this will happen or not.

You agree with me that the $1.5M prediction is still low, still for me it's too high unless $500K might still be reasonable.
You're waiting for $100K, I'm just as eager to partially release at that price. LOL

There is a lot of speculation among everyone about Bitcoin price and when a CEO like him gives a prediction, there is a lot of discussion about it in the market. Bitcoin will reach the $1.5 million target in 2030, I think it is very unlikely that this target will be achieved in such a short period of time. And for Bitcoin to reach $100k target I am waiting for it to cross this target and it will have a lot of impact on the market which will be understood as time goes by.

[mirakal]

No one really holds the future price of bitcoin so probably, if bitcoin price will move upward consistently, then this price prediction will become possible, who knows, 2030 is still a long year so there are still chances that bitcoin price will be more tested, and when we cross that bridge, that’s the only time we will know if the price predicted turns into reality or not.

Well obviously, we are all optimistic here that bitcoin price will turn into very significant and expensive after couple of years, hence buying and hodling are the best options now that we should put high consideration so we will come up with maximum profits when that time finally comes.

[Franctoshi]

This isn't the first time I'm hearing of this Cathie Wood's Bitcoin price prediction, all we are doing is speculation, including her price forecast and this is not new in the crypto space, seeing people predict whatsoever prices they think Bitcoin would reach in the future. However,  Bitcoin will always do whatever thing that it wants to in its price regardless of any price predictions out there, 1.5 million per coin, above or below and only time will tell, From my perspective, going on Bitcoin will definitely continue to experience an overwhelming increase in the price .  

[bobbybkk]

I recently read a topic that someone predicted the price of Bitcoin to be 1 million, now the bid has already been outbid by 1.5 million))) where did they get such forecasts?!?  These are all assumptions that are not substantiated by anything specific, or they simply want to attract attention to themselves with such news, I no longer have any guesses why they are predicting such cosmic amounts... although there are still 6 years until 2030, maybe I’m wrong.

I will try a possible explanation:

The price of something is always the amount someone is willing to pay for it at a specific moment in time.

Example: During around the year 2000 there was the dotcom bubble, a share of a company could be sold for 200 USD and 1 year later it was sold for maybe 1 USD, or the other way round, happens all the time in business.

To Bitcoin:

If you have 20 million Bitcoins and nobody wants to buy Bitcoins they are worthless.

If you have 20 million bitcoins and they are suited for a certain type of transactions worth in general 20 million USD, you could sell them for 20 millions USD and the people cover their transaction volume with it.

If you have 20 million bitcoins and the possible transactions volume goes up to 20 billion, you could get 20 billion USD.

Now assume there are about  8 billion people on the planet, and all start using Bitcoin for some reason the price per bitcoin would explode beyond your wildest dreams.

Or someone comes up with a new idea how to replace Bitcoins with something else, and the Bitcoin become worthless because there is no longer any use or buyer for them.


So the valuation of Bitcoins is based on your specific expectation about the future....

Maybe some people are right and some people are wrong....

[aTriz]

$1.5M is possible if the dollar devalues fast.

Otherwise a range for maybe 2040.

The dollar could devalue but not that fast. and even if Dollar devalues I don't think Bitcoin would reach there by 2040. It sounds to good to be true for me.

I recently read a topic that someone predicted the price of Bitcoin to be 1 million, now the bid has already been outbid by 1.5 million))) where did they get such forecasts?!?  These are all assumptions that are not substantiated by anything specific, or they simply want to attract attention to themselves with such news, I no longer have any guesses why they are predicting such cosmic amounts... although there are still 6 years until 2030, maybe I’m wrong.

they don't get these forecast from anywhere. they simply assume these. no actual bitcoin analyst would make such a big prediction for that long time. and they are just doing that for getting peoples attention. and possible earn profit from the bitcoins they buy before giving such statements.
They think they are influencer and now they are part of bitcoin so they have all the rights to predict about bitcoins future.

[justdimin]

This isn't the first time I'm hearing of this Cathie Wood's Bitcoin price prediction, all we are doing is speculation, including her price forecast and this is not new in the crypto space, seeing people predict whatsoever prices they think Bitcoin would reach in the future. However,  Bitcoin will always do whatever thing that it wants to in its price regardless of any price predictions out there, 1.5 million per coin, above or below and only time will tell, From my perspective, going on Bitcoin will definitely continue to experience an overwhelming increase in the price .  

Well, this is the "speculation" part of the forum, so it's normal that people would talk about speculation. Not that I think it's wrong, I do believe that it's quite right and that should not be all that different or difficult to handle neither. I believe that we need to consider this situation to be as good as it gets, we should be considering the fact that we are dealing with a problem that doesn't really exists, we do not really end up thinking that this would be all that easy.

I hope that Cathie Wood is right, I believe it is possible and we are talking about six years down the line so it is not like it is anytime soon neither, we are talking about a period that would not be all that simple to handle and should be considered a big deal.

[Sebas.tian]

Anything can happen in this industry but for the price of Bitcoin to reach $1million in 2030, it will be difficult for old investors to take that prediction from the CEO of Ark because if you look at where the price of Bitcoin is coming from and where it is now in the market, you will know that the price will do better in the future but it will not reach that amount in five years time. Many holders have been waiting for a new price of Bitcoin in the market since last year but the market price is not coming close to last two years price $69,212 for people to know that in five years time the price of Bitcoin will hit $1.5million in the market. Don't forget that anybody can predict about the price of Bitcoin, and what the CEO Ark predicted is just to let people know that he is a fans of Bitcoin.

[Yaunfitda]

Anything can happen in this industry but for the price of Bitcoin to reach $1million in 2030, it will be difficult for old investors to take that prediction from the CEO of Ark because if you look at where the price of Bitcoin is coming from and where it is now in the market, you will know that the price will do better in the future but it will not reach that amount in five years time. Many holders have been waiting for a new price of Bitcoin in the market since last year but the market price is not coming close to last two years price $69,212 for people to know that in five years time the price of Bitcoin will hit $1.5million in the market. Don't forget that anybody can predict about the price of Bitcoin, and what the CEO Ark predicted is just to let people know that he is a fans of Bitcoin.

Everyone can make her/his prediction here, it's free, but you have to understand the reasoning behind, perhaps this entities will have something to gain with this kind of exorbitant predictions, like in this case, they are institutional investors and so they are what we call, "buy the rumor, sell the news", a strategy that is very effective, as this is deeply rooted for marketing, hence they want to attract more clients.

But for bitcoin enthusiast, this price might be possible but not as early as 2030. We still haven't seen the price reaching $100k yet, although this bull cycle, almost majority as saying that the 6 digits might be hit. Still a long way to go though, and it will take a lot of money to flow into the market for Bitcoin to reach at last $1 million in the next 2-3 halvings.

[nimogsm]

The more good news there is about Bitcoin, the better it will be for market conditions, but predictions could be wrong, but if you look at the current condition of the US dollar and the resulting inflation, this could happen, sooner or later.

Such news is aimed at people who are not associated with cryptocurrency at all, and the media will only replicate this news, which will add recognition to the person who said it and nothing more. Dollar inflation and Bitcoin are not connected in any way at the moment, do not forget that there are other currencies which are traded against Bitcoin.
such forecasts do not have any value or meaning, it is rather just a voiced desire. Such experts often “predict” growth, but none of them talks about a fall in prices.

[STT]

Such an estimate requires Dollar to half or more in value during that time so thats like 10% or more inflation every year on average.   Not impossible but supposedly thats not on the menu the FED is appearing or believing with various large finance bodies believing they wont allow 10% inflation so often as that between now and 2030.  If there is a major screw up and devaluation in a large amount occurs over this entire decade then Cathie is more then likely correct to make such a large estimate.  
   I mostly go for the more boring scenarios, while BTC gains its too healthy to suppose everything would give way to such a large valuation in a relatively short period of time.   6 years is less time then it takes to setup a large mine or processing plant of various kinds, it might long but the economy has projects longer lasting then this.   Thats relevant because large spending usually relates to bonds and currency stability etc.   If its just the case that BTC will gain so much, that performance makes everything else less attractive to invest in.

[South Park]

The more good news there is about Bitcoin, the better it will be for market conditions, but predictions could be wrong, but if you look at the current condition of the US dollar and the resulting inflation, this could happen, sooner or later.

Such news is aimed at people who are not associated with cryptocurrency at all, and the media will only replicate this news, which will add recognition to the person who said it and nothing more. Dollar inflation and Bitcoin are not connected in any way at the moment, do not forget that there are other currencies which are traded against Bitcoin.
such forecasts do not have any value or meaning, it is rather just a voiced desire. Such experts often “predict” growth, but none of them talks about a fall in prices.

Even if it is undeniable that bitcoin has a lot of potential and I expect its price to be above its current levels during that time, we need to also acknowledge that statements like that have nothing behind them and it is just a way for the powerful to create hype for an asset, and this is done with the obvious intention to try to bring more people to the market, which have no experience at all, so they can lose their money to the whales and other good traders.

[jaberwock]

Anything can happen in this industry but for the price of Bitcoin to reach $1million in 2030, it will be difficult for old investors to take that prediction from the CEO of Ark because if you look at where the price of Bitcoin is coming from and where it is now in the market, you will know that the price will do better in the future but it will not reach that amount in five years time. Many holders have been waiting for a new price of Bitcoin in the market since last year but the market price is not coming close to last two years price $69,212 for people to know that in five years time the price of Bitcoin will hit $1.5million in the market. Don't forget that anybody can predict about the price of Bitcoin, and what the CEO Ark predicted is just to let people know that he is a fans of Bitcoin.

I mean its quite obvious that people do believe that, maybe it doesn't look like that today, but we are talking about 2+ halvings later, one will happen soon this year, so we do not know if we could pass over 100k or even 200k, it may, or it may not we have no idea but then there will be another bear market and then another halving and another bull run which will take it even higher.

So all in all, I am not saying that it will happen but I could also see plenty of people who agree with it. If we open a poll today, and ask people "do you think bitcoin could be 1.5 million by 2030" and just open a yes or not options available, I think majority of the people will pick yes, not saying most, just saying majority, meaning 51% or more.

[rojan]

Bitcoin price will reach 1.5 million dollars by 2030 is not certain. I can't say what will happen with the stock market, Bitcoin, or other assets. Bitcoin and other cryptocurrencies are affected by changes in the market, new technologies, macroeconomic trends, and investor sentiment. Predicting the value of Bitcoin is dangerous. When making predictions, it's important to be careful and do research or talk to a financial expert before investing. Keep in mind that the prices of cryptocurrencies can change quickly when unexpected things happen. Before you invest, you should always think about the risks, how much risk you are willing to take, and your current financial situation.

It is important to be aware of the risks before investment, especially when you are going to invest on any digital item. Bitcoin price will be 1.5 million dollars in 2030 not sure you can't guarantee it. so it is true that before investing one must think several times whether he is able to accept that investment loss. Because no one can guarantee that there will always be a return on investment and no such product can be found.  Bitcoin is a very potential coin and it is possible to profit from it and so far many people have profited a lot from Bitcoin.  But for that you must hold it long term. Other cryptocurrencies including Bitcoin cannot profit without such long-term investment. You have written some points very carefully and I agree with them but I cannot agree with you completely

[kotajikikox]

CEO Of ARK Invest Said in an Interview with CNBC Yesterday (Thursday) that Bitcoin Could Reach $1.5 Million by 2030.
Previously she Predicted about Bitcoin and Said that Bitcoin Could Reach $1 million.

Ark Invest is one of those asset-managing Firms that got one of the Bitcoin ETFs..

Source:
https://www.coindesk.com/markets/2024/01/11/cathie-wood-sees-bitcoin-price-reaching-15m-by-2030-after-etf-approval/
and
https://coinmarketcap.com/community/articles/65a00143f4756d5768d055e9/

That is 6 years from now , yet so high to expect because bitcoin cannot even make it to 100k till now , and even if bitcoin does yet 1.5 million is so much high to look at, how much would be the capitalization when this happens? 10-15 trillion$ ? damn that is truly amount that can buy countries .

[kuriboh]

Bitcoin price will reach 1.5 million dollars by 2030 is not certain. I can't say what will happen with the stock market, Bitcoin, or other assets. Bitcoin and other cryptocurrencies are affected by changes in the market, new technologies, macroeconomic trends, and investor sentiment. Predicting the value of Bitcoin is dangerous. When making predictions, it's important to be careful and do research or talk to a financial expert before investing. Keep in mind that the prices of cryptocurrencies can change quickly when unexpected things happen. Before you invest, you should always think about the risks, how much risk you are willing to take, and your current financial situation.

It is important to be aware of the risks before investment, especially when you are going to invest on any digital item. Bitcoin price will be 1.5 million dollars in 2030 not sure you can't guarantee it. so it is true that before investing one must think several times whether he is able to accept that investment loss. Because no one can guarantee that there will always be a return on investment and no such product can be found.  Bitcoin is a very potential coin and it is possible to profit from it and so far many people have profited a lot from Bitcoin.  But for that you must hold it long term. Other cryptocurrencies including Bitcoin cannot profit without such long-term investment. You have written some points very carefully and I agree with them but I cannot agree with you completely

Thanks; you understood my point and commented accordingly. No, some could benefit from this in the long term. Remember that good things happen later with long-term thinking and holding.

[Davian144]

That is 6 years from now , yet so high to expect because bitcoin cannot even make it to 100k till now , and even if bitcoin does yet 1.5 million is so much high to look at, how much would be the capitalization when this happens? 10-15 trillion$ ? damn that is truly amount that can buy countries .

That amount is quite far from being achieved in Bitcoin, although we don't think that it is impossible for Bitcoin to happen, because as you said, up to now Bitcoin has still not reached $100K. But that doesn't mean that it won't be achieved if Bitcoin's capitalization continues to increase, because an increase in the price of Bitcoin to exceed its all-time high is still very possible. But I still don't think that Bitcoin can reach the price mentioned by the OP, because it is very high.

[Sunderland]

She tries to pump the BTC ETF after the price is not going up as she expected after the SEC approved it.
And she is knows that whatever she said about crypto in the media = it will become a hype.

To reach the price of $1.5M per 1 BTC = need more than 29 Trillion marketcap, I think $500k per 1 BTC might be still possible but I doubt any number above that.

[el kaka22]

Making up numbers is the new trend in the crypto world, all the famous people who are asked about these things, or sometimes not even asked but just wants to tweet it, keep making up numbers. Like why 1.5 million? Why not 1 million? Why not 2 million? Someone who believes it will be 1.5 , already thinks it will be one million and I bet that someone who thinks 1.5 million could be convinced to 2 million as well, why pick 1.5?

Well, it is not data or charts or anything because it is crypto and you can't have any data that suggest 1.5 million in 6 years, that's too much time in the crypto world and nobody in the world could ever guess 6 years down the line. So, all these people are making up numbers and nothing more.