ArkInvest CEO Cathie Wood is optimistic about Bitcoin and has set a target of $1.5 million for BTC
ArkInvest CEO Cathie Wood is optimistic about Bitcoin and has set a target of $1.5 million for BTC. According to her prediction, by the end of 2030, Bitcoin may reach $1500000, bringing astonishing returns to investors. Wood predicts that BTC may reach $258500 in a bear market, $682000 on average, and $1.5 million in a bull market.
So, if you invest $1000 today at a Bitcoin price of $30130, and if CathieWood's $1.5 million target price forecast comes true, how much money can you make? In this article, we will focus on introducing the figures for predicting BTC prices.
The founder of ArkInvest purchased BTC for $250 a few years ago, with an investment of $100000. By July 2023, this investment is currently worth $12 million. If her prediction of $1.5 million in Bitcoin comes true, the same investment portfolio could soar to $600 million. Please read here for more detailed information on Wood's BTC investment in order to gain a better and deeper understanding.
Bitcoin: If you invest $1000 and CathieWood's predictions come true, how much money can you make?
The current trading price of Bitcoin is $31130, and investing $1000 today can earn 0.033 BTC. If BTC soars to $1.5 million through a significant increase in the index, then the 1000 point may soar to a new high.
If Bitcoin reaches $1.5 million as predicted by Cathie Wood, today's $1000 investment may become $49500. Compared to current prices, the return on investment (ROI) has increased by approximately 4850%.
However, there is no guarantee that Bitcoin will surpass the $1.5 million mark by the end of this century. The Cryptocurrency market is highly volatile and may fluctuate violently in both directions. As of the time of publication, the BTC trading price was $31130, down 0.6% in 24-hour trading. BTC has also fallen nearly 57% from its historical high of $69044 reached in November 2021.
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