Bitcoin (BTC) price over $1 million: Cathie Wood persists

The bitcoin (BTC) market has been buzzing for the past few months. Cathie Wood is convinced that the asset’s price will strengthen in the coming months. She expects BTC’s valuation to top the million-dollar mark.

Cathie Wood targets at least $625,000 for BTC

For several months now, crypto expert Cathie Wood has been hammering it home: the price of bitcoin is going to skyrocket. The head of crypto firm Ark Invest had already announced her forecasts for the asset’s valuation.

She expects it to reach a price of $500,000 in the short term. By the end of the decade, she sees BTC peaking at $1.5 million. While this projection may seem crazy given current circumstances, the expert still fervently believes in it. In a recent interview, she reiterated her faith in her bitcoin predictions. She believes that, at the very least, BTC will reach a target of around $625,000.

« Our bull case, I think it’s $1,500,000 per coin, the best case is $625,000 (something like that), », said Ark Invest.

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Bitcoin to $1.5 Million? Cathie Wood Says Her Confidence Has Increased. Renowned investor and Ark Invest CEO Cathie Wood has made bold prediction about future of Bitcoin, estimating its value could reach $1.5 million p… check us out @… pic.twitter.com/bTHXZwzrzR

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As she said earlier, her outlook is based on the enhanced status bitcoin is acquiring on the financial market. Increasingly, she explains, crypto is seen by investors as a bulwark against counterparty risk.

Add to this the increased interest of financial behemoths such as BlackRock, and the perception of the asset is changing. Indeed, bitcoin is now seen as a financially attractive option, particularly for institutional investors.

Moreover, Ripple’s recent victory over the SEC contributes to the expert’s increased optimism. Like some analysts, Cathie Wood sees this development as potentially good news for Coinbase.

The crypto firm is facing the wrath of the SEC and has announced that it will fight the regulator with all its might. One imagines that the court ruling in favor of Ripple might give it the means to do so. In any case, it gives Ripple a great deal of hope.