Cathie Wood, CEO of ARK Invest, has forecasted that Bitcoin could reach $650,000 by 2030 in a baseline scenario. In a more optimistic projection, she anticipates a range of $1 million to $1.5 million. Wood made this statement during an interview with CNBC.

“We are seeing regulatory relief. I think this is one of the most important developments under this [U.S.] administration. We’re going to get regulatory relief across all types of innovation,” she explained.

Bitcoin as a New Asset Class

Wood highlighted that Bitcoin is attracting institutional investors and asset managers, evolving beyond its role in the global monetary system to become a new asset class. She believes this shift is a key factor in garnering attention from major financial institutions.

“Not just a global monetary system, but a new asset class. This means institutional investors and asset managers recognize that this asset behaves differently compared to their other holdings. I think this is the next big step,” she added.

Bitcoin’s Growth Trajectory

According to Wood, Bitcoin has historically shown price growth following halvings and reduced inflation levels. In January, she already predicted a $1.5 million price for Bitcoin in a bullish scenario by 2030, reaffirming the validity of that forecast.

Personal Portfolio and Investments

Wood disclosed that approximately 25% of her personal capital is invested in Bitcoin. She emphasized that her overall portfolio is innovation-focused, including significant exposure to cryptocurrencies.

Projections for El Salvador

In addition to cryptocurrencies, Wood predicted in May a tenfold GDP growth for El Salvador over the next five years under President Nayib Bukele. She attributed this potential growth to accelerated economic reforms, particularly through the adoption of Bitcoin and artificial intelligence.

Impact on the Crypto Market

Following Donald Trump’s election as U.S. President in November, Wood also forecasted a surge in investments in cryptocurrencies and new technologies. She believes a change in leadership at the SEC and FTC will positively influence the development of the crypto market.