Bitcoin Could Hit $1.5 Million Says Cathie Wood
The post Bitcoin Could Hit $1.5 Million Says Cathie Wood appeared on BitcoinEthereumNews.com. ARK Invest projects Bitcoin to reach $1.5 million by 2030 based on institutional inflows and fixed supply dynamics. As of May 2025, Bitcoin trades above $103,000, supported by post-ETF approval demand and on-chain accumulation. Additional forecasts from SkyBridge, Unchained Capital, and InvestingHaven suggest $200K–$1M Bitcoin targets within the decade. Cathie Wood, CEO of ARK Invest, stated again in May 2025 that Bitcoin could reach $1.5 million by 2030. She confirmed the forecast in a CNBC interview dated May 9, 2025. ARK Invest’s models include a base-case projection of $700,000 for Bitcoin, with the bull-case target being that $1.5 million figure. These scenarios consider Bitcoin’s fixed supply, institutional investment trends, and the growing financial infrastructure supporting Bitcoin. Bitcoin Trades Above $103,000 in May 2025 As of May 19, 2025, Bitcoin trades at $103,559 on the 4-hour chart from Bitstamp, according to TradingView data. The price opened the day at $102,958 and reached a high of $103,790 before closing at $103,559, showing a daily increase of 0.54%. BTCUSD 4H Chart. Source: TradingView.com The chart also shows that Bitcoin remains above the 50-period Exponential Moving Average (EMA), which currently sits at $103,088. This level acts as short-term dynamic support. Bitcoin bounced off this EMA multiple times in recent days, showing that bulls are defending the $103,000 zone. Looking at recent price structure, Bitcoin has maintained an upward trend since April 18, forming higher lows and higher highs. A significant rally began in late April, with a steep price jump around April 23, pushing the price above $95,000. The trend continued with moderate corrections and another strong leg up in early May. After touching a local peak above $106,000, Bitcoin pulled back toward the 50 EMA but did not break below it. Trading volume shows slight increases during upward movements, suggesting demand remains steady.…
The post Bitcoin Could Hit $1.5 Million Says Cathie Wood appeared on BitcoinEthereumNews.com.
ARK Invest projects Bitcoin to reach $1.5 million by 2030 based on institutional inflows and fixed supply dynamics. As of May 2025, Bitcoin trades above $103,000, supported by post-ETF approval demand and on-chain accumulation. Additional forecasts from SkyBridge, Unchained Capital, and InvestingHaven suggest $200K–$1M Bitcoin targets within the decade. Cathie Wood, CEO of ARK Invest, stated again in May 2025 that Bitcoin could reach $1.5 million by 2030. She confirmed the forecast in a CNBC interview dated May 9, 2025. ARK Invest’s models include a base-case projection of $700,000 for Bitcoin, with the bull-case target being that $1.5 million figure. These scenarios consider Bitcoin’s fixed supply, institutional investment trends, and the growing financial infrastructure supporting Bitcoin. Bitcoin Trades Above $103,000 in May 2025 As of May 19, 2025, Bitcoin trades at $103,559 on the 4-hour chart from Bitstamp, according to TradingView data. The price opened the day at $102,958 and reached a high of $103,790 before closing at $103,559, showing a daily increase of 0.54%. BTCUSD 4H Chart. Source: TradingView.com The chart also shows that Bitcoin remains above the 50-period Exponential Moving Average (EMA), which currently sits at $103,088. This level acts as short-term dynamic support. Bitcoin bounced off this EMA multiple times in recent days, showing that bulls are defending the $103,000 zone. Looking at recent price structure, Bitcoin has maintained an upward trend since April 18, forming higher lows and higher highs. A significant rally began in late April, with a steep price jump around April 23, pushing the price above $95,000. The trend continued with moderate corrections and another strong leg up in early May. After touching a local peak above $106,000, Bitcoin pulled back toward the 50 EMA but did not break below it. Trading volume shows slight increases during upward movements, suggesting demand remains steady.…
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