Topic: Cathie wood says 1 btc $1m by 2030 how possible? (Read 804 times)

I do think that her guesses are more speculative than analytic, given that she has not provided any concrete evidence or at least basis on her statement on why she concluded that 1 BTC would reach $1m by 2030. If there is one thing that is certain, it is that the next halving will happen on the year 2024. We could expect its price to skyrocket, but I doubt that it will reach $1m anytime soon.

But to be honest, who would ever know what the price of BTC may be? She could either be genius or crazy but one thing is for sure- better HODL your coins if you really plan on investing long-term.

You can sell some or half of your hodlings but I think a better approach would be to sell all your BTCs on the year of 2024-2025 when BTC hit $100k and then buy when it dumps again. I am sure it will dump after a year, like on what we experienced before. $1m for BTC seems very juicy so who wouldn't be greedy when this event came in?

However, we should control it because too much of it isn't good anymore. Maybe it will make us loan for more money to buy more BTC thinking there will be more to come but we will only lose the loan because like I said earlier, a dump can usually happen right after a pump. I know it can recover but it's not going to be easy.

Her projection is mere FOMO, if you asked me. I know that no one is likely to deem it fit to complain about that because we all want Bitcoin to soar in price. However, if it were the other way round, a lot of people would call her hater for causing FUD. Now, about her projection; I don't see Bitcoin price getting to that price in 2030 as she mentioned. Bitcoin has two more halving circles to that time from now. I see Bitcoin hitting above $100k in the next halving coming up in 2024 and then we expect a bear season that will drop price until the next halving in 2028 where we can find price above $200k or may be $300k if all things go according to plans. So, how can that huge gap to $1m be achieved? Yeah, I know this is cryptos and anything can happen but I don't sincerely see $1m happening.

Is it not too far to expect Bitcoin to reach ATh $1,000,000 by 2030? but indeed no one will know what the future of bitcoin actually is, but that price still doesn't make sense. at the moment we are still focusing on bitcoin's new ATH which will probably reach $100k before the 4th halving occurs. 2024/25 will be a possibly good year for bitcoin, but for now, bitcoin is still in a bearish position. Just need to be patient and buy bitcoin gradually and then hold it for the long term.

We don't know about the upcoming cycle but history always proves the growth of bitcoin is very fast after Halving, but we never know if bitcoin will reach a price of $1,000,000 in 2030?
Don't be too confused if in 2024/25 bitcoin is pumped again with new ATH we can sell to enjoy the profits we have gotten so far and bitcoin will definitely be bearish again if you look at the previous cycle, there you can buy again at a low price, but indeed if the HOLD is longer it would be better because it has been holding strong for 8 years.

Yes with these predictions some evidence was really required to conclude this. Moreover to be honest, anything and everything possible. I mean at first No one believed 1 BTC will someday cost 69k usd, but we did touch it right? Similarly BTC might reach 1 Million USD soon, and then we might have other predictions also. But yes as you have said some analysis and proofs would have really helped people to believe on these estimations.

Now I am confused if I had to sell all my holdings in 2024-2025 (halving season) or will be waiting for the next one?  this made me think of being greedy to expect that coming lol.

but even if? I will still trust bitcoin to be my Holding either till that time or before , but this is one of the most positive comment towards bitcoin in this bearish market to make people believe on its coming years .

I also believe bitcoin hitting $1 million is possible, but in such a short time, it would be a challenging task for bitcoin.
In the past, bitcoin could grow thousands of times from $0.01 to several thousand dollars in a few years, that was when bitcoin's market cap was small. But as bitcoin's market cap gets bigger, it's not easy to achieve thousands of percent growth in a short time. Not just in bitcoin but with any asset class, the larger the market cap, the lower the volatility.
But the belief that 1btc = 1 million dollars is worth looking forward to in the future.

Well from the view is almost 8 years to come and looking at the previous ATH then you may decides if is possible and we still have about exact 2 halving ahead to this, possibly we may get closer to +$700k by then or just $1m. I like the fact you said anything is possible so let just watch and see but if i were anyone else i would still buy more BTC, although from my understanding she was like "guessing" because there is no certainty with her words.

nothing is impossible for bitcoin to reach $1 million but I don't know when it will happen but some people are too quick to take the gamble. to me it's normal when someone overestimates the price of bitcoin and it's not bad to have faith that it will happen. but what makes all of that look bad is that it's too soon for 2030 to reach $1 million.

It could be priced at a million by next year, we dont need next decade even as any price is possible.   The main point to take away about price instability is it actually causes a large amount of damage, prices are not the finish line or the prize in an economy you want actual useful business and a society that benefits from that useful performance of a working efficient economy.   Fast prices just means we are slipping and inaccurate in our description and assurance of prices, this is a 'disorderly market' as the FED would put it.   
  1m of 2030 wont be the 1m you see in 2022, it means the currency has likely failed.   Even 7% loss per year of value results in half gone after a decade, thats a leaky bucket and it will disrupt companies, markets & losing jobs.   Not quite the positive it appears imo
   

Lasting or not then there's no way on knowing the future and this is what makes things you would be thinking and having doubts whether you would go all in or put huge amount on crypto investment or not.

We do have this a million dollar/for 1 bitcoin talks is never been new, lots had been that too optimistic when it comes to that price point which i could say that it is really that too hopeful and too unrealistic.
Its better not to make yourself that much optimism because if the price didnt able to hit up that point based up on what you had predicted or anticipate then you would really be getting that disappointed.
Its better if you would really just deal up with things on what we are facing now and dont overlooked that much so that you would get that annoyed nor really that impulsive if ever
things didnt really go on what you do expect.Lots of things that you could really be hearing up with this and those speculations whether that optimistic or pessimistic then its
not something new.

What do you mean? of course, I doubt that bitcoin will suddenly died in the next 7 years. The thing we should look is how many block halving do we need to be able to get to the point wherein all bitcoin have almost been mine, or least 99% of it and that 1% could last till 2140 or the last time that we will see block halving.

So most probably in the next 3-4 halvings, we will have that data and maybe that time, the price could shoot up to $1 Million, who knows.

We just have to go to a lot of phase though and have a lot of patience to stay in this market.

If Bitcoin can last until 2030 or about 7 years then I'm sure the price will skyrocket, now we face a serious challenge, namely the speculators and exchanges who can control prices, if the owner of Bitcoin is not too dominant and pure from the community then I'm sure Bitcoin will be Difficult to drop as happened this year.

It seems possible there are some other countries which may be interested in allowing a higher level of freedom so their citizens can use bitcoin on their territory, but at the same time they do not want to make a move, make a mistake and then be criticized by their citizens.

So I think there are countries which are observing very closely what it is happening at El Salvador, and if bitcoin gains traction there and people begin to use it in their everyday lives then they could eventually adopt bitcoin and make it legal tender.

these forecasts are always interesting but I wonder... are these based on specific analyses? Did she provide any details on how she arrived at this rating?
she is talking about such a large increase in value compared to actual values, that it really takes a certain imagination to think of something like this...
ok we are all optimistic and confident about this technology, but will 8 years be enough to have these economic values?

From the present date we've got two more halving. Within the time period such a big growth can't happen with bitcoin. The adoption and real time usage over the years will increase, but the same won't push the price to such an extent.

Anything beyond certain value will be under trouble. In that way reaching specific price will be good to the community as well as to the network. Beyond that it'll turn to be problematic in some way.

Its a balance of optimism beyond the current horizon and also not accounting for the possible depreciation of currency overall and possibly the Dollar especially.  If we had a change from the current massive focus on dollar reserve even to a more balanced accounting for global usage outside of the west it'd be an epic change.  Generational change, tectonic movement in the world trade balance and its possible within our time right now but whose to say when really.
  Cathy is willing to pick the top estimate price and it makes for a great headline, I dont mind her discussion but I dont currently rate her as anything significant certainly she failed to hedge the pullback which (active) funds in theory would do if possible.


I feel obliged to post this chart as a resource because its a good idea to exclude the whole politics and interference in value from government that comes via pricing in purely one nations currency when obviously BTC is worldwide and its value has to be from that expanding dynamic.  So I think gold should be a more consistent valuation for going forward 8 years in estimation

I think that is not possible to do. The 2030 looking far in the future but what is remaining in that is about 7/8 years and now price is down, no volatility for now. What matter also is halving, apart from the expected halving soon we are only to see one more halving before 2030 so how will the price get that high ?

People are just too optimistic considering that those prices or value isnt really something that could be reached out on a short span of time or even on our lifetime.This is why its better not to make

yourself that hopeful so that you wont really be stressing out yourself nor get that frustrated if the price didnt hit up that point.Its not bad on being optimistic but be sure to be at least to be realistic.

Basing up on those numbers or simply talks about capitalization then it isnt something that you could say that it would be reached out easily.
So dont make yourself that in a hurry because it would really just make you desperate.

20 to 30 trillion is a lot but we should know that the adoption rate for btc is not at its fullest yet. There must be a lot of countries who are not yet involved in btc. Imagine if all of them allow btc one day and make it as a legal tender? Then I think we can be at least close to that target price by cathie and some people here in the forum. For you and me, we only have a small goals for btc. That would be a hundred thousand dollars or two while I don't believe that it will take 8 years for it to happen.

Maybe it will occur 4 to 5 years from now. Those who assume for $1m or even $500k for btc are I think going to be itchy to sell when they see btc touch that levels although they can always buy again at the dip and hodl for another higher price target.

but how much capitalization must bitcoin have before this price goal reached? trillions of dollars in bitcoin itself?
well we almost reached a trillion last year but for this to happen at least 20-30 trillion bitcoin capitalization for this to happen.
but of course we must not lose hope as I am holding for this to happen , but also I will be contented if bitcoin just take 200k in 8 years time from now.

But I don't think bitcoin will grow like that, I mean the bigger the cap the slower the growth, very much simpler from $10k to $100k, same increment x10 but its very different market capitalization. The current market capitalization of Bitcoin is 350 billion if bitcoin hits 1 million then bitcoin capitalization will reach 35 trillion USD, 3 times the gold market cap and 1/2 the world stock market capitalization. I didn't think this would happen so quickly. That's why people just expect the next ATH in 2025 after the halving happens to be $100k.
You can easily see how the growth of bitcoin changes over time, it cannot grow as uniformly as we would expect.

This is why its really important that you should really make yourself prepared for whatever things that might happen in the future.We might able to see BItcoins potential but assuming that it could hit up a million dollar price per coin then you could really say that it is something that too unrealistic to happen.If we do base up on the current condition or taking or recognition on the community
then we are on a slow pace but at least we are moving forward.Speaking of price then it would be entirely depending on communities demands because
the market maker are the community itself together with those institutions and whales which could really make some significant influence towards price movement.

I would guess that it would be counterproductive if they end up promoting their government CBDC and not so much with bitcoin and others. The whole point is that they want to take part in this and they want to make both a profit with it and also have a say it, plus they will be able to follow up what people do with their CBDC as well.

If they end up making some coins banned or risky to use or whatever that means it’s not going to be useful to use CBDC, what’s the point of having it if I am not going to be trading it with cryptocurrencies? That is why I said that I believe countries with CBDC will keep on promoting it for a long time and will support people using crypto, so it will benefit their CBDC as well.

Not really, both are cryptocurrencies but totally different, bitcoin is decentralized and CBDC is government made. The government has the right to allow circulation and people can only use cryptocurrencies that they will call legal and safe when they are created by them. Bitcoin will not be accepted more with this form.

There is still a chance that bitcoin will hit a million within the next 7 years, but the probability of achieving it is very low. I know we all hope bitcoin will hit the highest price possible because we are all holding bitcoin just for that purpose but let's be realistic for a bit.

Well, speculations are just prediction. No assurance of what will happen. You can even say that its market value will be 1 billion after 20 years. But none of it would make sense not until it occur. No matter what basis to use, there's no consistency with this industry; the market value will not continuously increase as what we are currently seeing. From a market value that broke 'ceilings', to a market price wherein investors are guessing its bottom. If we would base on history of this industry, 4th quarter of every year is where bullish movement occurs, but that's the opposite of what happened this year. Feel free to make your own forecast on its market price 'coz all of it are subjective.

With the rapid changes taking place in the world and the high possibility of a nuclear strike before 2030, forecasting the market behavior for more than 5 years is no longer a valueless statement and not a price prediction.
We can say that in a normal situation it is possible to reach that price within 10 to 15 years, but will the situation be normal?

I feel like with the introduction of CBDC and all that, we are going to see more and more countries "promoting" bitcoin basically, not that directly but their own product and that will be connected to bitcoin easily, because if you make a CBDC that means crypto is allowed.

Also, we need to realize that 2030 is long way down the road and that’s why it’s not that easy to handle, I would guess that it could still potentially happen, that is nearly 7 years away and considering bitcoin could grow a lot, we are talking about nearly 50-60x increase and in 7 years that could very well happen. We just need to start growing, but 2 big bull runs could cause it for sure.

They aren't really that exaggerated though. Just take a look back at what people used to call exaggerated back in 2015 for example. In those days price was around $200-$400 and if you told someone that price is going up to $20,000 in only 2 years (9000% rise) they would have said the same thing about your speculation because it sounded crazy.

$1 million in ~8 years is only 4900% rise or about 600% rise per year which is nothing if you look at past price rises bitcoin has seen.

I definitely support HODLing it to make money and help Bitcoin gain more attraction and popularity. Although can we say its gonna hit a million in 2030? I personally think its too early for that. I believe in next halving we may hit 100k and other halving maybe 200k but not more than that. There should be spectacular things happening for Bitcoin to hit a million dollar in 2030! Or maybe American economy getting weak causing a weak Dollar. hahah.

Newbies should be allowed to do that maybe haha. I can't remember what nonsense I speculated on in 2013 when I wasn't convinced about Bitcoin yet. I do remember in 2016 asking dumb questions and wondering if we would get 1400 again soon. This was maybe around $400? Even if a year later that was coming, even 20k! No one was to know, least of all a noob. Funny that as soon as that was retrieved, the predictions from both noobs and vets added zeroes arbitrarily.

Human nature. Bitcoin brings it all out...

She is quite a famous investor and also a billionaire born from financial investment. In September 2021 she also made a bitcoin prediction to hit $500k in the next 5 years and this year she made another prediction for bitcoin. Although these predictions are exaggerated, don't take her too seriously, as it shows she's pro-bitcoin and believes in bitcoin's future.

After all, we all believe in the future of bitcoin despite the recent drop and each has his or her own vision and prediction. I also agree with everyone that bitcoin will hit $100k in the next halving and what will happen after that we shouldn't rush to predict.

It may actually take people like her and Sailor to go bankrupt for real capitulation. Too overleveraged, too confident. These guys would take a beating if we have more FTX events (even more overleveraged players that run exchanges capitulating, which would hit these other people running funds). GBTC is (supposedly) backed by real BTC reserves so they should be fine, however I wouldn't bet on it.

actually I don't know who is this Cathie as I am not familiar with her, but having this thought is exaggerated , 1 million in 8 years time but did not even give details if why this can be possible.

I have faith in bitcoin and there is no doubt about that but making it clear how much it can grow till 2030 is for me an over statement.
if 100k is possible in the next halving yet in the next may hard to see a 7 digit price.

and the word is HODL , this will save our assess from losing in this kind of market now, accumulate as many as we can because the price now is very cheap , and lets check it later if we will be able to sell in the next couple of years.

1 million is far from happening sooner , though possibilities are there but wont be surprise if we fail.
this needs worldwide adoption and usage to happen.

Im not really making myself believe with those numbers and with those situations where crypto market or Bitcoin itself will really be reaching out these heights. Im not saying that it doesnt have potential but it is really

just too far off and it would be better if we do stick on being realistic when it comes to these conditions and basing up on history and the current situation that we are dealing with.This wont really be a smooth sail

ride for us crypto enthusiast and supporters which even if we do like for the price to be on that way, it would always be depending and basing up on the market demand
in the end of the line which is something that we cant alter nor influence no matter what.

I saw these new articles popping up about something Cathie Wood has already been saying, you can find where she said this about 9 months ago.

1 million dollar bitcoin seems insanely possible considering inflation.

Consider the market caps of these two players:

26 trillion NYSE
19 trillion NASDAQ

But remember BTC competes in many different forms:
11 trillion (GOLD)

If Bitcoin became worth around 1 million dollars each, the crypto market as a whole would start to be the size of the two biggest exchanges, which to me makes it look more likely.

250-500k BTC looks insanely possible when you compare "competitors"..

The crypto market as a whole did reach 3 trillion dollars at one point.

Remember, Bitcoin along with its alt coins (the crypto market) represent more than just value transfer, more than just gold (why would you say Bitcoin is like gold, more like all the metals combined and more)..

Yeah.

1 million dollar bitcoin - HERE WE COME.

This is also possible without getting rid of fiat today, as long as all governments accept bitcoin and declare that bitcoin is a valuable asset like gold. With this statement, it's enough for bitcoin to create crazy things that we wouldn't be able to imagine. In the end, all of this can only happen in our minds because they would never let it happen .

$1 million per bitcoin, that's a really big number, I suspect that it will be very difficult to get there even if it takes us longer. If that happens, the bitcoin market will be bigger than the stock market or the real estate market.

You would have told me last year and I would have said yes, and probably before 2030. Now I think no way, maybe half that, but just as we were overly optimistic last year, we may be overly pessimistic now. As we are not soothsayers, in the meantime it is better to keep accumulating.

Hahaha so funny bitcoin price will be $1M in 2030 unbelievable. After FTX company crash it effected the whole Crypto Market and market will be full red. The main point is that on one will be estimate the exact price of bitcoin. So let's see in 2030, what the price of bitcoin will be hit.

During 2013, people also used to laugh, when great persons predicted about Bitcoins rise towards the end of 2020. So yes anything and everything is possible in this world. We haven’t seen the future also, so definitely what we are  claiming here is based in assumptions and estimations. We are talking about Bitcoins here, and due to the limited number of Bitcoins, definitely the price might go up in future in order to fulfil the demands.

exactly mate , this is what i was thinking as the post are just 8 years to go, there are so many plans each country to create their own crypto or digital currency so why would be bitcoin comes first?
when they cannot have a complete control of this currency.
while it is correct that this can be called as Joke because 1 million may be coming but in not this short period .

Bitcoin doesn't work like that if you look at its growth chart, even though bitcoin always increases year by year but the bigger it gets, the smaller the growth rate becomes. Going from $1 to $100 is easy, but going from $100 to $1000 is an entirely different journey. That's also why nowadays many newbies don't choose bitcoin and look for shitcoin to invest in because they also know that bitcoin is already too big to expect big growth.
The goal of 1 million dollars by 2030 is not feasible, bitcoin can still reach 1 million dollars but need more time than that.

source: https://www.facebook.com/BitcoinBlueWhale.eth/posts/pfbid02sW4wj9hmEVtRxWHyA6DGXdtRCtuBu6aDfjp5zjei5i5czQMXTLNn68rUteE4FKVBl

I'm just quoting @cathiewood who said "he thinks" that, if explained would be very long.
• It could be....
• It might... or might happen....
• or he who speculates...predictions About the price of Bitcoin 2030.

At least people are aware, Bitcoin is based on the trust and beliefs of its users, about prices and other actions if they want to do so.

---

There is the funniest in other sources, what is said by: Cathie Wood still sees bitcoin hitting $1 million by 2030 as the current crisis will have the token ‘coming out of this smelling like a rose’, even though Cathie Wood predicts, but I am one of those people who do not believe in fantasy or predictions, in case, what is predicted may not necessarily happen and it could be a possibility.

From other sources I also found other people who say Bitcoin ($BTC) Price Could Top $1 Million by 2030, Says Yassine Elmandjra, It seems that it's not just Cathie Wood who says the 2030 Bitcoin price is $1 million, I don't know hopefully what they say can happen, but I'm not sure it is.

Yeah, I'm one of those that have hoped that bitcoin will reach $100k last year. The possibility is there but if talking about the reality, it might take a very long time before we see it happen.

Makes sense, as the opposite telling that bitcoin will go to zero. But I'm thinking more about the newbies that have been too hyped with high price predictions and making them decide to invest just because of those predictions.

Well, I guess it's on them and they should always take things with a basis before committing a decision.

But if cycles are going to be different for the next bulls to come, it would be lovely to see it quicker than expected.

Yeah exactly. Two halvings is very likely not enough to take Bitcoin from $69k to $1 million. 3 halvings...maybe. 4 havings...absolutely.

The women is basically loved in bull markets and hated in bear markets. People praised her stock picks when everything was going up but when the markets turned a year ago they just kept making bad decision after another.

She went big into crypto. She bought GBTC, Silvergate bank and Coinbase. Now normally they wouldn’t sound like good investments but it’s at least near the bottom of the bear market and might reverse unlike her buying everything near the top like last year.

As catchy, he said that the institution had been watching bitcoin with great interest but was waiting for the right time to enter the market. This can be seen positively or negatively, depending on how we want to see it. On the one hand, they monitor the market and continue to provide their customers with exposure to cryptocurrencies through vehicles like Coinbase and GBTC, which is very positive. On the other hand, they still feel that the existing regulations are not sufficient to allow investment.

To me, it's really a question of how much we trust these two financial institutions. If they are satisfied with what they see and that things will work out as they hoped as well, then there may not be a time like today to ride the wave of optimism we see in bitcoin and gold today. If we believe in their opinion then we will definitely feel comfortable buying a basket of digital assets to keep for the long term.

It would be better if we could make a prediction on the price of bitcoin when the halving takes place in 2025. Based on that, we can make predictions for bitcoin in the future. Making a prediction too far is just a baseless prediction, she wants it to hit $1 million by 2030 and she says it without any analysis or basis for prediction.
Although the future is unpredictable and bitcoin always surprises us, $1 million was too high a target at the time. I predict bitcoin to hit $100k-120k for next bull season.

Everyone can give their own price prediction but none of them can actually get the right price and predicting a price like that is just too much since it doesn't follow the trend of the previous price. It's just another name making some scene to get noticed by the public but I'm not buying that.

I will choose to stay close to the trend price and if you are in this market for a long time you will know what is the ideal price whenever there's a bull market coming. But I'm not saying $1M won't be possible but that won't happen in 2030 either.

that's right. to alot of people they will be a replacement. everywhere is going to accept cbdc, the grocery store, you can keep it in your bank and transfer it electronically who needs bitcoin then?


i'm glad i never bought bitcoin when it was $60k or $50k or ....

The point is that Dollar changes value each year so saying 8 years forward means  it could even happen while still being unlikely because the Dollar can lose so much value in that time that it barely qualifies as an equal consideration to now.
   I think its mostly just a talking point for the sake of free publicity and advertising, not everyone has to believe just enough to join so that you arent forced to liquidate the fund and can pay the bills via fees.  Its not a difficult prediction to say Dollar has problems retaining its value over time and BTC can grow exponentially.

You know what happened to the last guy who wielded the magical $1m number, right? And that was even doubling down on his original 500k figure, well before it even reached 20k. Crash and burn, I guess?


Always taken out of context I guess. Not that analysis helps make the prediction more credible or more likely. But we also got people saying it's going to zero and constantly loudly reminding, so I suppose we gotta take the sugar and salt together.

Just as many has said is giving investors hope and as well encouragement from the previous bear market of 2021, if you could flash back many invested hugely thinking it would get $100k after seeing a new ATH of +$68k and anytime she thinks of her investment it gives her the courage it could get to $1mio  then but realistically speaking there's every possiblity this could get her predictions.
Now for the Halving you should know whenever there's halving the circulation reduce and this calls for scarcity and price increment.

The question is, are 2 halvings will be enough for her prediction to happen? It's hard to think but it's most likely that we might not see that happen.

Looking at the history charts of bitcoin, it's multiplying not that much anymore when we're on the bull runs unlike the first years of bitcoin. But we're all speculating on this one.

And I hate it these days when someone is too vocal about huge prices for bitcoin in the future. It's making new investors think that it will really happen without adding some analysis and how it will come.

Personally, I think that she went too far in her optimism, I do not expect that Bitcoin will reach a million dollars in 7-8 years, at least this is what we see through the de facto data in the market and the global economy, but no one knows, the situation may change from now to 8 years and get Big upheavals that no one expects, all of this is possible, but at the moment I see it as a bet that is very far from reality.
In any case, it is good to see some people are so optimistic about the future of Bitcoin, this encourages people and gives them confidence in the future of Bitcoin.

Every now and then you will hear people saying unrealistic prices about bitcoin. They do it just to gain attention. You will see more of these posts in bull market and in bear market you will find people saying that bitcoin may go to zero.

I think bitcoin will reach $1M but it wont happen in 7 years from now. It may happen one day but we never know when this will happen. I remember that people use to say that bitcoin will reach 100,000$ or 200,000$ in last bull market but it never happened. Bitcoin will reach these prices but it will take time.

Many people invested in Bitcoin, with a voice on the media, will eventually make a prediction predicting that such or such amount will be reached, either not providing an associated deadline, or venturing one down the road. Mostly (if not all), predictions of the sort are wishful thinking, with an added grain of wanting to implant the idea in people’s minds that the figure is reachable.

We’ve seen this 1M $ figure given in the past by dozens of people, with timeframes that are way overdue now. People are bound to still believe it may happen, and it may even lure some readers to buy or hodl longer. All in all, I’m not sure how many people still consider it really feasible within a near enough timeframe (2030 is stretching it pretty far though).

It's not about what she can do. It's normal/expected from her to do this.
It's about us, who should stop freaking out every time somebody makes a big prediction on Twitter, newspapers or TV.

Who is Cathie Wood? Why her opinion matters? I really have no idea who she is to be honest. However, I wouldn't say it's possible or not, John Mcafee had told the same long ago though that didn't happen. It's very much possible when everyone will be able to use Bitcoin as their daily medium of expenses. When will it happen? No one knows.

Some people really throw themselves at numbers without making any sense, and this woman is no exception. I watched her live once in the broadcast and she didn't make any special impression on me, although we all concluded that they were all just defending their investments and that they were ready to say anything, no matter how unrealistic it was.

But looking at things realistically, all those who speculate with such big numbers are not the ones we should take too seriously, it's all just part of the game. We remember John McAfee and his speculations, so although it is not the same, to me it is more comical than serious in every sense.

In my opinion that we might see 1 Milin dollars in Btc by 2032 and that would be top not a constant price cause at that Meta will be fully functional and a lot of many bug institutions might see big improvements and also we need trillionares so that btc market will grow further at higher points..

Or, if we simplify things
From 2009 till now it went from 0 to 16k, so in 2035 it will add another 16k. 
Because you know, extrapolation:




What can she do other than this?
It would be stupid for her to say something negative and it cost also zero to claim everything on Twitter or on Instagram or whatever
If she manages to convince one person to fund her investment it's a gain for her with near zero effort.

But when in these bearish times I see this kind of stuff it means some are getting really desperate, probably everyone is afraid he's next in line, and nobody trusts his business partner anymore, so their only way out of this is good for everyone would be a bull run, money flows in, losses are covered, everyone is happy!
Oh, btw it was 1.36m by 2030 in April
Cathie Wood's ARK Invest has set a price target of $1.36 million for BTC-USD by 2030.
And 500k in 2026
Cathie Wood predicts bitcoin will surge to $500,000 in 5 years

Government CBDCs are no competition for Bitcoin. The value proposition of bitcoin is entirely different than fiat. CBDCs will make fiat more efficient sure, but also will have grave privacy issues. The implementation of CBDCs may actually drive Bitcoin adoption due to people not liking the privacy implications of CBDCs. But CBDCs are still the exact same thing as fiat, just in a new wrapper.

CBDCs competing with Bitcoin seems to be a common misconception. The USD already exists and is competition for Bitcoin in the future, CBDCs don't change that, its still the same USD.

And your point about wanting a stable currency. That doesn't change anything haha. Bitcoin is being adopted the past almost 14 years and is has never been stable, so its not like that is a new obstacle. Bitcoin's use case is not as a highly manipulated stable currency. It is as a hard currency that will appreciate over time and so you can store and increase value with it, and also it is borderless and not controlled by anyone. That's an entirely different value proposition to fiat currencies, which are manipulated to be fairly stable but are not long term stores of value because they continually lose value.

There are obvious huge use cases for both stable fiat currencies as well as a perfect hard currency. Bitcoin I expect will turn into the world's alternate currency to be used alongside national currencies, and it will become the chosen currency for long term savings because you'd have to be crazy to save in dollars or any other national currency when you could save in Bitcoin.

I think she's right, I mean the price would at least touch $1m by then.

If you look at the current trends:

2017-2020 was 4 digits $5K - $10K on average
2021-2024 is 5-digits $20K - $50K on average
Then 2025-2028 could be around 6 digits $100K to $250K on average
Then you would have 2029 - 2032 could see anywhere from $500K to $1.25 million on average or at least close to the 1 million mark.

I partially agree, but on the other hand certain stocks and Cryptocurrency markets have been so unpredictable and Fiat value keeps decreasing so the more this happens, the more Bitcoin can go nuts together with them.

I would have not seen Bitcoin this way a few years ago, but under current conditions?  Anything seems to be possible.

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Regards,
PrivacyG

Smiles this was like a sound of being courageous to herself and to other investors out there after facing the hit of the last year.
But from my thinking she might be right because this is about 8 years to come and we still have 2 more times for bitcoin halving and it could be achieved after through this processes.

Another Bullsh!t! 

Bitcoin will grow and organically break many prices that people do not expect, but what I dislike about some of these investors is that they make nonsense assumptions, they are the type of people who have created hype about bitcoin in order to fill their rich pockets with bitcoin rather than allowing bitcoin to grow organically. If bitcoin grows in adoption, no amount of FUD will bring it down, the fear of selling and being dumped on would be something of the past, but unnecessary posts and misleading information have led some people to invest in bitcoin, and when their expectations become clouded, they panic and sell, believing that bitcoin is a scam. Sigh!

She is investing in bitcoin and crypto companies. Of course she trusts her investments will have high returns. Even more, this kind of declarations:
* may get others invest in bitcoin and crypto, hence making her earlier investments more profitable
* may get others invest in her company, meaning more money to work with and more profits for her

So, as usual, biased prediction, with other goals. It's not necessarily that she believes bitcoin will get to $1M. It's more that she is advertising bitcoin and herself.

I have watched several of her interviews where she repeatedly said that , but I don't know where this her 2030 1M price prediction is base upon, maybe she used the stock 2 flow model (S2F) by planB which predicts that Bitcoin will reach 1Million in price. Yes is possible that very price could be reached by the year 2030 looking at the previous performances of Bitcoin from Lunch till now.Therefore no one actually knows what BTC is going to do in the next bull run after 2024 and 2028 Halving years.

Yes, it is possible, but the probability is very low, I think it takes more time and more people to use bitcoin for it to reach $1 million. If you consider the growth over the years, bitcoin is getting higher and higher in value as the growth rate gets smaller and smaller, meaning it can no longer grow a few thousand percent like it did when bitcoin was below 1000dollars. I still believe bitcoin will hit $1 million but it won't happen anytime soon in 2030.

Bitcoin is still a risky asset, it is not as safe as you think, although the potential of bitcoin is great, it still carries many risks.

I don't think it might not be doubtful as you said but, I do think it is not because until all the countries of the world get rid of their fiat. Bitcoin didn't need that to get to its last ATH of $69k from the bottom of Bitcoins price years ago and will get there also in the future without the world getting rid of its fiat because most people and bigger institutions see Bitcoin first as an Investment now than what it was originally meant to be and if this will continue to be the case plus BTC limited supply, a $1million price is inevitable but whether this will be by 2030 about 8 years from now is a question of time will tell.

I wouldn't be against it if Cathie wood said 1 btc $1m by 2030 because I believe bitcoin can definitely reach it in the future. But I don't think that it will happen in 2030 because it could be if it will happen before 2030. But whatever happens with bitcoin, we have to prepare by having more bitcoin for now because if it's too late, we won't be able to get big profits later. Besides, we still have 8 years to see if Cathie's statement will happen at that time or sooner than her statement.

Well, her prediction will perhaps be right and who will really know what will happen in the future?
But I think she is an attention seeker here that she wanted --if we remember Mr. John McAfee, he is a bullish predictor in the market but where he is now? Perhaps he realized that it is better to remain silent which makes noise of making an incorrect prediction.
However, let us thank them because they are bullish predictors, it will encourage people to invest but we hope that they will understand when there is a market crash. 

If you buy extremely dangerous investments like GBTC it shows that you are desperate. Yes the gain can potentially be huge, but what will most likely happen is that you loose everything.

Well i see this as an inspirational motivation than the depression going around the media about bitcoin coming down to zero, at least if we can have many of the likes of Cathie Wood in the world of digital currency and bitcoin there will be less to fear of missing out for any unnecessary demands, bitcoin may and may not attaining this far by going to that extent of $1m by 2030 but can get close to over thousands of dollars which we can have a good idea of this right from the growth rate in its adoption, market cap, market volume and how it has been speedingly attaining a new ATH within a space of every four years to where we've got by now, who knows what will be the next ATH after $68k as some have predicted over $140k by 2024.

But GBTC is paper bitcoin and not real bitcoin.. no proof that grayscale really own 1:1

So many money could be lost for real bitcoin

In the midst of chaotic platform collapse in the cryptocurrency industry, it is still good to hear someone who is really so optimistic with Bitcoin. And honestly, we have to remember that Bitcoin is not FTX and although this whole mess can be affecting the timeline for Bitcoin this will not stop it. Remember Mt Gox for that matter. Now, whether Bitcoin can be 1M$ in 2030, it does not matter in the end...the thing is that it is here to stay and will be in the future.

I guess that this woman is trying to replace John McAfee and Michael Saylor as an extremely bullish price predictor.
The Bitcoin price hitting 1 million by 2030 is close to impossible, because "the powers that be" won't allow it. The central banks and the governments will do everything they can to oppress the crypto community. The crypto community itself is far from perfect, with all the crypto scams, token/shitcoin/NFT scams, all the greedy, naive people, who are searching for the next big thing, pump&dump scams etc.
I would say that a 100K USD Bitcoin price is really achievable by 2030 and this would be great. Nobody knows what would the world look like by 2030. Will the West vs. East antagonism end? Will there be a new cold war?

According to me there’s a real problem.. it’s fake bitcoin.. I don’t speak about BSV and BCH (even if they are also in the problem) but I speak about all wrapped bitcoin (how to be certain there’s a real 1:1 ratio) I also speak about GBTC and all paper bitcoin .. still no proof today that Coinbase hold the real equivalent and more important today after the bankruptcy of FTX is to be sure that BTC hold on exchanges are really existing and not only some lines on computers ..

If we want Bitcoin to go up it’s really important to stay away from this kind of fake bitcoins or we need real proofs of a ratio 1:1 .

This is my opinion

Everything is possible with Bitcoin.  Bitcoin has shown a lot in the past as well.  For example, in 2017, ATH at $20,000 went down to $3,200 and then went up to $68,000.  So it is also not impossible that Bitcoin can go to 1 million dollars.  But this will take a long time to happen which not all holders will have the patience to enjoy.  And those who can will be the successful holders

We need to differentiate between what is possible and what is likely, anything is possible in this world especially if we are giving 8 years for that price to be reached, however we need to think about what kind of world will allow bitcoin to grow so much so fast.

During that period of time bitcoin will experience two halvings, so on its own I think bitcoin could reach a price of 250k or 300k without too much of a problem, but in order to makeup for the difference we will need high inflation during that time frame and an increase in the distrust in the economy by the public, so one million dollars for each bitcoin during that time is reachable, but it is close to the limit the price of bitcoin can reach under an economy which stills works.

Interesting insights. But I don't think bitcoin necessarily controls its own destiny in regards to it's price. Competition from other alternatives are outside of bitcoin's control. Government digital money being one of them. those things haven't even gotten going yet at least not in the usa but if they ever do then that's another thing for bitcoin to have to overcome. people value convenience and bitcoin is not so convenient for actually using it to buy things. you can't even use it on ebay.

another thing is, i want my purchasing power to be stable, i don't want it fluctuating in us dollar value.

Regardless of who said this and why, the $1 million price is still easily achievable even though it may not look like it when we are in a crash/dip. One thing we've learned from the past is that bitcoin is the only stand alone market in the world but it still is affected by major global economic events. For example right now the Western economy is in ruins, the more they try to increase the interest rate the more they are trying to keep it alive artificially. But they've already increase it 5 times an the effects of it are starting to fade away without them being able to decrease the energy price (eg. oil and gas) so now they are facing both inflation and recession.

The point is that as soon as this game with interest rates stop and the economic crash completes naturally, we can start seeing the bitcoin price go back up again and this time due to the fiat like dollar tanking hard, the bitcoin price would go a lot higher than what we'd expected and a price like $1 million would be nothing by then since $ is not worth what it used to any more..

It's just too high to achieve in less than 10 years. BTC to be $1M is not so far fetch, people didn't even believe it could reach $50K but it did and it's down back again.

She's bullish, believing her will make you bullish. She's hoping for roaring 20's because of the geopolitics happening today so she bets her bottom Bitcoin and kept buying coinbase.

I used to think that ($1m by 2030) but I think Bitcoin will grow a bit more slowly than I had expected. There are lots of bad optics around bitcoin due to misinformation and just general lack of education on Bitcoin and Crypto, including how they are completely different.

I think that education will take a long time to spread and that'll slow Bitcoin's growth.


I now think Bitcoin will reach $1 million maaaaaybe in the 2032/33 bull run but more likely in the 2036/37 bull run, when I think it could hit more like $1.5 million.

I think we'll probably only see in the $400,000's by the end of this decade.

I'm projecting (read: guessing) the next four bull runs through 2037 to be something like $150k-$200k, $400k-$500k, $800k-$1m, >$1.5m.


To hit $1m in the 2029 several things would need to happen.

- Large corporations would have to totally come on board and decide to hold some of their cash on hand in Bitcoin. This started in 2020 but didn't spread terribly far yet. Probably a few smaller governments decide to hold some assets in Bitcoin, like say selling some Gold to pick up some Bitcoin.

- The environmental opposition to PoW needs to be settled which means educating the masses and especially politicians on why PoW is good and how it helps out society and is not a danger to the environment and rather than preventing movement to clean energy it actually helps move the world to clean energy.

- LN needs to develop further and fix any major current issues so that it is ready for the average Bitcoin owner to use it.

- Amazon and other major retailers need to start taking Bitcoin on-chain and over LN.

- People need to get educated about what makes Bitcoin unique and why it isn't anything like any other crypto.

- But most of all the uninformed take by the masses that Bitcoin is some scammy risky thing that people lose money on needs to change. I don't know how that changes. I mean I once showed a coworker a few years ago the long term Bitcoin chart and how it just keeps going up and even after that, sometime later, he said all Bitcoin does is go down. I was incredulous haha. The fear center in the brain overrides the logic center so easily. As long as Bitcoin continues to have major crashes after bull markets it won't matter how many stories there are about people building long term wealth with Bitcoin and it won't matter that Bitcoin keeps going significantly higher each bull market because the only thing the outsider observer remembers are the crashes. So for Bitcoin to hit $1m in 2029 I think the 2026 bear market period would need to be much gentler than in previous cycles so that people don't spend 12-18 months hearing in the media about how bad Bitcoin is doing and seeing constant claims that it is finally over and will go to zero.

Well, she is an interested party. She is not going to start saying that in that year it will be worth 0 to scare off her investors.

I, while I believe that in the future we are going to have less spectacular returns than in previous cycles, and that this cycle is proof of that, I do not rule out that figure for then, but on the condition that we continue with high inflation.

Think that US inflation has been 8%. I think it will moderate but let's assume it is 5% or more. If it stays at 6 or 7%, by compound interest, $1M then will have half the purchasing power it has now. So, it getting to $0.5M in purchasing power in two cycles doesn't seem so far fetched.

I think its very possible mate, 8 years from now bitcoin will be really scarce ,creating cbdc by many countries cannot affect the bitcoin price since bitcoin is more decentralized above them all. Many people still want to hold a more secured currency compared to cbdc where it can be possibly subject to manipulation by every country so not trustworthy at all.

The higher bitcoin's marketcap becomes, the harder it is to get these price increase multipliers.

Not saying $1m in 2030 is impossible though — we already know today how bollocks bitcoin's cyclical bubbles can be. I just personally wouldn't bet on it.

very doubtful that's going to happen unless all the countries of the world get rid of their fiat and just use bitcoin. but most country seem more interest in developing their own digital currencies than giving up control to bitcoin.

Why do you think it's funny? when Bitcoin price still less than $1,000 on 2016, is there anyone can predict Bitcoin price would reach $19K in the next year? the difference is 19x times and Bitcoin can prove it. Last year Bitcoin make new ATH for $69,000 and if we multiple it with 19, we will get $1,311,000 which is higher than her prediction. Another thing is 7-8 years is really long, I think the possibility is really high since technology really improve a lot.

She's probably not talking about a literal million-dollar price per Bitcoin. I haven't watched the entire interview, just some short cuts of it, but it seems she's just saying Bitcoin is here to stay and will even grow much bigger in the years to come. Although, she says , there will be institutions who would take a step back and reassess, relearn, and reevaluate things, that's basically bullish on Bitcoin as it would mean getting to know Bitcoin more and be more comfortable with it. And, as OgNasty said, that's probably what she really needs to say right now.

But that's what everyone should be saying right now if only to counter the media narrative which seems to suggest that Bitcoin is falling. Indeed, Bitcoin is being adversely affected by what's been happening in the crypto industry recently, but lest everybody forgets, FTX is not Bitcoin. Gemini, BlockFI, Voyager, Crypto.com, Binance, Coinbase, and so on are not Bitcoin. They all may fall one after the other but it doesn't actually affect Bitcoin itself.

Her funds have taken an absolute beating over the last year. What else can she say? She’s trying to reassure investors and she’s even been trying to raise new capital to start yet another fund. She’s putting her money where her mouth is though. Recently buying more Coinbase and GBTC for her funds. I think she’s in a difficult spot right now, but it seems like there will be better days ahead.

I was actually reading through my FB page and I came across this post which looks very catchy to people's attention which might likely have a very bad interpretation to those who doesn't understand how the market works. Lots of argument has been going and series of funny comments as well so decided to share over here if I could get something obtainable from individual here.
Read more news here.

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Note this is not a financial advise, I just posted here for funny and to see how people thinks about bitcoin within 7 to 8 years to come just Cathie did.