Here’s How Much $100 Invested in Bitcoin Today Could Be Worth in 2030 If Cathie Wood’s Amazing Price Prediction Comes True
The price of Bitcoin BTC/USD has increased in 2023, making it one of the best performing assets so far this year. Bitcoin crossed the $30,000 mark on Monday for the first time since June 2022. Ark Invest CEO Cathie Wood is among the financial experts who see more upside to come for the leading cryptocurrency.
Here’s a look at how Wood’s price forecast could pay off for investors.
What happened: Over the years, Wood has been a strong believer in Bitcoin and has supported gradually rising price targets.
Prize targets of $400,000 and $500,000 were eventually raised to $1 million, a target price by the year 2030 that Wood has supported several times.
Wood said the price of Bitcoin could rise if companies put 1% to 10% of their cash holdings in Bitcoin, a comment that came after Tesla, Square and other companies added the leading cryptocurrency to their balance sheets.
“We are very bullish on Bitcoin in particular,” Wood told Benzinga in an interview.
Bitcoin hit an all-time high of $68,789.63 in November 2021 and saw a decline in price in 2022 following the bankruptcy and collapse of several major cryptocurrency companies.
Despite setbacks in the cryptocurrency sector, Wood has remained positive about the sector in recent interviews.
“Sometimes you have to struggle, go through crises, to see the real survivors,” Wood told Bloomberg.
In an interview with Yahoo Finance, Wood highlighted Bitcoin as a safety net for investors.
“Hyperinflation around the world as their currencies have fallen apart, these populations need a fallback — an insurance like Bitcoin,” Wood said.
In its latest Big Ideas report, Ark Invest posted several price targets for Bitcoin. The research report compiled by Ark Invest sees Bitcoin hitting price targets in 2030 of $258,500 in the bearish forecast, $682,000 in the average market and $1.48 million in a bullish market.
Wood and Ark Funds remain positive on Bitcoin and have increased their holdings in many ETFs to coincide with this task.
Coinbase Global COINa leading cryptocurrency exchange, is the top holding of Ark next generation Internet ETF ARKW and Ark Fintech Innovation ETF ARKFand is Ark Innovation’s fourth largest company ETF SHEET.
The Grayscale Bitcoin Trust GBTC is the third largest holding of the Ark Next Generation Internet ETF.
Related Link: How to Buy Bitcoin
Invest $100 in Bitcoin: Here’s a look at how much an investment in Bitcoin today would be worth under various price targets from Wood and Ark Invest.
An investment of $100 today can buy 0.0033 BTC based on a price of $30.48.83 at the time of writing.
If Bitcoin reaches $1 million as predicted by Wood several times, the $100 investment will be worth $3,300.
Here’s a look at the returns below the price targets from the Big Ideas report.
- Bear case, $258,500: $100 today would be worth $853.05.
- Base case, $682,000: $100 today would be worth $2,250.60.
- Bull case, $1.48 million: $100 today would be worth $4,884.
Read next: Cathie Wood says Bitcoin will go to $1 million – Jim Cramer says yes and I walked on the water of the Sea of Galilee
Photo: Benzinga on YouTube and an image generated with artificial intelligence on MidJourney.
