Ark Invest CEO Cathie Wood has been a vocal bull for the cryptocurrency sector for years, specifically for leading cryptocurrency Bitcoin (CRYPTO: BTC), which she recently said could be helped by the incoming White House administration.
Wood has shared price targets for Bitcoin over the years, including a high of $3.8 million for BTC by the year 2030. Here’s a look at how much a small investment in Bitcoin today could increase over time if Wood’s various price targets are reached in the future.
Following Wood Into Bitcoin: With Bitcoin hitting all-time highs after the 2024 presidential election, big questions remain about how high the leading cryptocurrency can go and how long it will take to reach various milestones like $100,000.
Earlier this year, Wood laid out her price targets for Bitcoin based on a bear case, base case and bull case for the year 2030. Wood also added a new bull case that includes the potential highest price Bitcoin could reach by 2030 if companies allocated 5% to Bitcoin.
With Bitcoin trading at $89,384.76 at the time of writing, an investor could buy 0.00112 BTC today with $100. Here is a look at how much that $100 would be worth in the future under Wood’s various price targets.
Bear Case, $258,500: $100 today would be worth $289.52, up 189.5%
Base …Full story available on Benzinga.com
