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

[OgNasty]

I think Cathie Wood gets a little too much credit for her ability to see investments.  Her performance with her managed funds has been absolutely horrible.  The only reason she was popular at all was because people were piling into her funds causing her to invest too much in small companies at bubble valuations absolutely destroying her clients' portfolios when things came back down to reality.  Even Jim Cramer was making fun of how she was running ARK investments...  I'm glad she's got good things to say about Bitcoin, but if it does go to 1.5 million you can bet she sold right before the rally started.

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[LFC_Bitcoin]

$1,500,000 is possible by 2030, I agree with her. It’s top end of what I think is possible by the end of the decade but still possible.

We have a halving in 2024 so our cycle high should land in 2025, I predict something like $250,000 as a possible blow off top.

We will then enter a bear market in 2026 and 2027.

The next halving is then 2028, I predict that cycle to be over $500,000 in late 2029. Cathy Wood knows more about markets than me though and I’m sure she’s done the math on how much capital is going to flow into Bitcoin now that it’s becoming a mainstream financial tool. I think somewhere between $500,000 and $1,000,000 by 2030.

[carlfebz2]

$1,500,000 is possible by 2030, I agree with her. It’s top end of what I think is possible by the end of the decade but still possible.

We have a halving in 2024 so our cycle high should land in 2025, I predict something like $250,000 as a possible blow off top.

We will then enter a bear market in 2026 and 2027.

The next halving is then 2028, I predict that cycle to be over $500,000 in late 2029. Cathy Wood knows more about markets than me though and I’m sure she’s done the math on how much capital is going to flow into Bitcoin now that it’s becoming a mainstream financial tool. I think somewhere between $500,000 and $1,000,000 by 2030.

$1-1.5M then this is really something realistic comparing into those speculations that it would really be happening on this upcoming bullrun on which we know that this cant really be just that possible.
Anyone could really be able to make out their own speculative approach when it comes to price. It do really just turns out that whenever someone who do have the name/popularity/recognition
on which those words been told or spout out would really be having that kind of impact but in overall we are all just the same on which there's no way that we could really be able to determine or would be able
to know on where prices could actually go because we do know that when it comes to value or with those numbers, then it would really be entirely be depending on the demand and recognition
of the masses or simply those investors. Now that ETF is really that been approved or simply institutional funds flows through this market now or simply being starting then those
numbers wont really be that far off.

[cakravothy]

it is very unlikely that the price of bitcoin will reach 1.5 million dollars. if it happens, people will be lazy to use bitcoin for transactions because the sending fee is so expensive and it is no longer competitive to use for transactions.

[Yamifoud]

I can't say it was impossible but honestly, that is way too far to reach. But it was really worth it to invest if ever we reach that price? Or does it only add more worries and risk?

We already have this great achievement of Bitcoin and reaching almost $70k at its peak is remarkable. I don't think there is a concrete reason that brought Bitcoin price to a million dollars because even reaching $100k is already too expensive thous we can apply the DCAing strategy. Poor people will no longer invest in Bitcoin anymore if that ever happens in the future.

[Biodom]

I think Cathie Wood gets a little too much credit for her ability to see investments.  Her performance with her managed funds has been absolutely horrible.  The only reason she was popular at all was because people were piling into her funds causing her to invest too much in small companies at bubble valuations absolutely destroying her clients' portfolios when things came back down to reality.  Even Jim Cramer was making fun of how she was running ARK investments...  I'm glad she's got good things to say about Bitcoin, but if it does go to 1.5 million you can bet she sold right before the rally started.

I looked at the numbers: her fund opened in 2014 and vs QQQ she outperformed 4.5 years and under-performed 4.5 years, but when she under-performs like in 2022 and 2023, it's a woozy.
Overall, ARKK is up 129% since 2014 (roughly 8.66%/year) vs QQQ's 319% (15.4%/year over 10 years).
That's not great results, but she made "some" money.

[CryptoBuds]

it is very unlikely that the price of bitcoin will reach 1.5 million dollars. if it happens, people will be lazy to use bitcoin for transactions because the sending fee is so expensive and it is no longer competitive to use for transactions.

If you are worried about transaction fees, I believe the developer will soon have a solution to fix that. They certainly won't let high transaction fees disrupt bitcoin's popularity. As we have also seen, although LN is not yet widely deployed and used, it is clearly a solution to bitcoin's transaction fee problem as it becomes increasingly expensive. We still have plenty of time before bitcoin hits $1 million or more, and developers are constantly working to find solutions for bitcoin. I believe there will be a better solution introduced in the near future.

[rodskee]

it is very unlikely that the price of bitcoin will reach 1.5 million dollars. if it happens, people will be lazy to use bitcoin for transactions because the sending fee is so expensive and it is no longer competitive to use for transactions.

exactly if the price of bitcoin may attain that high so why people will use this? then they
will just keep it and what is the reason for climbing that high when there are no one who uses it to serve
its purpose in being a Currency?

actually this is Impossible to happen at least not in 2030 , if he is saying to be in general
like 20-50 years when the Dollar cost lowered so much and that 1.5million will be costing in our time now
 like 100k then why not .
because we don't know if Dollar will hold its strong value till those years.

[iamsange]

it is very unlikely that the price of bitcoin will reach 1.5 million dollars. if it happens, people will be lazy to use bitcoin for transactions because the sending fee is so expensive and it is no longer competitive to use for transactions.

All of this will have its own adjustments to the Bitcoin network, so you don't need to worry about transaction costs when using Bitcoin. Because people will actually be more bored and will not want to use Bitcoin if there are no price changes such as increasing prices in the market. Now the transaction fees for Bitcoin are still quite reasonable and normal, so there is no need to think about it so that you start to disagree with the larger price increases in Bitcoin that are still generally desired by many people who still hold Bitcoin at this time.

[Volimack]

Bitcoin Could Reach $1.5 Million By 2030 Says Cathy Wood, Unknown To Many Bitcoin is always the best and everyone will see its value when it reaches the best position. That's why I think it's not right to be in such a hurry to hear someone's statement. Crypto market moves slowly and shows good performance. Reaching higher positions is good news for investors, but Cathy Wood's words here seem unlikely.

[justdimin]

it is very unlikely that the price of bitcoin will reach 1.5 million dollars. if it happens, people will be lazy to use bitcoin for transactions because the sending fee is so expensive and it is no longer competitive to use for transactions.

I do agree that people are not really considering investment to bitcoin while they are fearing the transaction costs, but they are willing to buy and hold because they are not spending much in that situation. The entry fee is a lot for small time investors, but if they are using an exchange then they do not worry. It doesn't cost much to just send your money to exchange and buy bitcoin there, it does cost a ton to move it around.

This is why I believe that bitcoin goes up first, after people got their profits from there, then they start to maybe change some things and could end up having some sort of better result eventually. I get that it may not be all too simple, but it is definitely something that would be a lot better given enough time.

[alankasman]

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.

In 2024 there are big hopes that it can reach $50K before hoping that the price he says can be reached in 2030.
$1.5 million is a fantastic price and I would be very happy if I could live in 2030, but regarding Cathie Wood's predictions it is still so far away that it is not certain that we will be able to live in that year.
Apart from Cathie Wood, I have also come across Bitcoin price predictions by other figures, I only felt happy when I read them and inspired me to remain a holder.

[peter0425]

Bitcoin Could Reach $1.5 Million By 2030 Says Cathy Wood, Unknown To Many Bitcoin is always the best and everyone will see its value when it reaches the best position. That's why I think it's not right to be in such a hurry to hear someone's statement. Crypto market moves slowly and shows good performance. Reaching higher positions is good news for investors, but Cathy Wood's words here seem unlikely.

While this sounds exaggerated because the time frame is just 6 years to go yet all bitcoin supporters loves reading this kind of words  because imagine Bitcoin as 1.5million dollars meaning I can be a Millionaire in our local currency if bitcoin reached that top?
but hoping that this will be coming but not that soon , maybe in 2040-2050? well lets savour each prices given by bitcoin.

[kawetsriyanto]

it is very unlikely that the price of bitcoin will reach 1.5 million dollars. if it happens, people will be lazy to use bitcoin for transactions because the sending fee is so expensive and it is no longer competitive to use for transactions.

Why not? I'm sure Bitcoin is possible to reach $1,500,000. However, I don't know it will be in 2029, 2030, or 2033. If we consider 4 years cycle, the next bullrun season will be in 2025, 2029, and 2033. So, after 2025, the next ATH of Bitcoin should be in 2029 or in 2033. In 2030, it is the time for the first year of bearish season, the price will be probably in ATL (All Time Low) of the bullrun period of 2033 (ATL in 2033).

Regarding the transfer fees, there should be the solution in the future. I believe people will be always using Bitcoin for any transactions because Bitcoin is a safe digital currency. Although sometimes the transfer fees and the delay become a little obstacle, but some people feel safe to use Bitcoin. As long as Bitcoin is the main crypto currency, I've no doubt that people will remain using Bitcoin for any transaction in the future.

[tengui]

it is very possible because what seems impossible now can seem very possible in the future. in 2030 maybe we will go through 2 or 3 bullish periods, and the limited total supply of bitcoin makes the price of bitcoin very high in the future. Maybe some people think it's impossible to reach $1 million in 7 years, but I'm sure everyone believes that the price of Bitcoin will continue to increase over time.

[rodskee]

it is very possible because what seems impossible now can seem very possible in the future. in 2030 maybe we will go through 2 or 3 bullish periods, and the limited total supply of bitcoin makes the price of bitcoin very high in the future. Maybe some people think it's impossible to reach $1 million in 7 years, but I'm sure everyone believes that the price of Bitcoin will continue to increase over time.

there are just one after this bullish effect of halving till 2030 , means if ever we go to the
process of each multiplying the former ATH i think we could only assume having 300k at least in 2030 .

So lets not expect too much but instead do our part to make the market growing to how much we wanted.

[lixer]

I agree that 8 years is a lot of time. and Bitcoin's adoption and demand is increasing at higher scale. but Think about this, Bitcoin price is now $45K+. Its all-time high was around $67K 68K, if Bitcoin price only reached $45k or say $68k in 15 years. do you think it'll go to $1.5 Million in just 6 years? sound too good to be true isn't it? I don't think bitcoin can reach that much even with all those adoptions going on.. it will eventually go there but not by 2030.

That's not how you should make this equation. The first 15 or 10 years were the initial phase for it and it wasn't known or popular at the beginning. It took it more than 7 to 8 years to spread around and get some recognition, and then it took less time than that to hit the all-time high of $69k. So, just because it took much time from its inception till now to reach this price, it doesn't mean it cannot succeed at a higher rate from this point onwards.

The stage is set for Bitcoin to perform, regulators, enemies, negative and positive gossip, and on top of all, it's features and properties will make it go a long way, and it might even take less time than that for it to reach a surprising price. I don't say all these predictions will surely come true, but all I'm saying is that people in 2016 didn't expect Bitcoin to reach $69k one day, but it did surprise them, didn't it?

[Mate2237]

Bitcoin price is unpredictable and if we must predict the price not bitcoin to a higher price then we have to wait and see the next bull market so that we can tell the next bull of the market. And the 1.5 million prediction in 2030 is achievable because bitcoin is going higher every month now. And her prediction nis not too bad as well. Some even predicted that this coming bull will hit 100 million so if they predicted in that amount then it is possible for the 1.5m too.

[jaberwock]

Bitcoin Could Reach $1.5 Million By 2030 Says Cathy Wood, Unknown To Many Bitcoin is always the best and everyone will see its value when it reaches the best position. That's why I think it's not right to be in such a hurry to hear someone's statement. Crypto market moves slowly and shows good performance. Reaching higher positions is good news for investors, but Cathy Wood's words here seem unlikely.

While this sounds exaggerated because the time frame is just 6 years to go yet all bitcoin supporters loves reading this kind of words  because imagine Bitcoin as 1.5million dollars meaning I can be a Millionaire in our local currency if bitcoin reached that top?
but hoping that this will be coming but not that soon , maybe in 2040-2050? well lets savour each prices given by bitcoin.

I mean in the crypto world six years is a lot of time as well. I am not saying that this would be alright and ok and it will happen, but I am just saying that it's also not impossible to handle neither, it's quite possible to have one day. It's six years, and it means we will not only have a halving this year, but we will also have another halving until then (maybe even two bear runs as well after this one and next one) so we are talking about two bull runs, and that means it could actually very well happen.

The logic is that 2024 will be the year that halving will happen, and usually 2025 means bull run, that is what people expect and 2028 will be another halving and 2029 will be another year where we will do bull run. So, it's not really impossible.

[FanEagle]

it is very possible because what seems impossible now can seem very possible in the future. in 2030 maybe we will go through 2 or 3 bullish periods, and the limited total supply of bitcoin makes the price of bitcoin very high in the future. Maybe some people think it's impossible to reach $1 million in 7 years, but I'm sure everyone believes that the price of Bitcoin will continue to increase over time.

there are just one after this bullish effect of halving till 2030 , means if ever we go to the
process of each multiplying the former ATH i think we could only assume having 300k at least in 2030 .

So lets not expect too much but instead do our part to make the market growing to how much we wanted.

300K at 2030 doesn't really seem like good enough if you ask me, I am not saying that 1.5 million is reasonable neither, but it also doesn't mean it makes sense neither. I think it is quite clear that we are not going to end up with any good result anytime soon, it has to be something a little bit different.

Somewhere around 500 to 700 thousand dollars would be a lot more likely if you ask me, that would be two bull runs so I think that would make sense, something like 200k or so for this bull run, and maybe 500k for the next one could make sense, it could actually be reasonable to reach it at that point. I know many people think that we should consider it a lot more different, but I do see that as a good benefit without a doubt.