Cathie Wood Reaffirms Her Bullish Outlook on Bitcoin, Maintains Ambitious 2030 Price Targets

Cathie Wood, CEO and CIO of Ark Invest, has reaffirmed her bullish outlook on Bitcoin. In a recent Big Ideas 2025 presentation, she stated that the

Cathie Wood, the CEO and CIO of Ark Invest, has doubled down on her bullish outlook for Bitcoin, stating that the odds of the cryptocurrency reaching $1.5 million in a bull case scenario have now increased.

During Ark Invest's Big Ideas 2025 presentation, Wood highlighted the growing institutional adoption of Bitcoin as a key factor driving this heightened probability.

According to Wood, institutional investors are increasingly viewing Bitcoin as an essential asset in their portfolios due to its unique return and risk profile. The continued maturation of the crypto market has made Bitcoin a more attractive option for large-scale investors seeking diversification.

“Many know us for our bull case of $1.5 million. We actually think the odds have increased that this will be the correct number,” Wood said.

For context, Bitcoin is currently trading at $95,500. To reach $1.5 million, the cryptocurrency would need to appreciate by an additional 1,470%. Ark Invest anticipates this growth to unfold over the next five years.

The firm's bull case is largely predicated on Bitcoin's increasing role in several key domains, including institutional investment, digital gold adoption, emerging market safe-haven demand, nation-state treasury holdings, corporate treasuries and on-chain financial services.

In the bull case scenario, Ark anticipates that institutional investments will comprise up to 6.5% of the global market portfolio. Concurrently, Bitcoin's penetration as a digital gold asset is expected to reach up to 60% of gold's market capitalization.

Apart from her commentary on Bitcoin, Wood also touched upon the rapid expansion of stablecoins. She noted that their total transaction value reached approximately $15.6 trillion last year — surpassing both Visa and Mastercard.

To be precise, the stablecoin transaction value was roughly 119% of Visa's and 200% of Mastercard's in 2024.

It's worth noting that traditional payment processors still handled a higher volume of transactions, but the sheer monetary value flowing through stablecoins attests to the accelerating shift toward a decentralized financial ecosystem.

“This is a fundamental restructuring of global finance, with crypto assets, notably Bitcoin, increasingly dominating,” Wood said, describing the unfolding transformation.