ARK Invest CEO Cathie Wood has released an update on the $1.5 million target for Bitcoin Price!

ARK Invest CEO and CIO Cathie Wood confirmed the bullish outlook on Bitcoin, stating that it is becoming increasingly reasonable for BTC to reach a value of 1.5 million dollars by 2030.

As part of ARK Invest's 'Big Ideas 2025' presentation, Wood, speaking, cited the expanding institutional adoption of Bitcoin as the key driver of this potential price increase.

Wood noted that more and more institutional investors are considering Bitcoin as a strategic asset in their portfolios. Wood said that Bitcoin's return profile and risk characteristics differ significantly from traditional asset classes, making it an attractive hedge and store of value. As financial institutions integrate Bitcoin into their asset allocations, the long-term value proposition of Bitcoin is also strengthening.

Wood said, "The institutionalization of this new asset class is accelerating," adding: "Many institutional investors are recognizing the unique characteristics of Bitcoin and the need to add it to their portfolios."

Wood, beyond Bitcoin's price increase, indicated that the digital asset ecosystem is rapidly expanding, especially with the increasing use of stablecoins. It was announced that the transaction value of stablecoins reached 15 trillion dollars last year, surpassing Visa and Mastercard in overall transaction volume. By the end of the year, the annualized working rate for stablecoin transactions nearly doubled to reach 30 trillion dollars, demonstrating the increasing importance of digital assets in global finance.

As Bitcoin continues to be a major focus for ARK Invest, Wood also highlighted the transformative impact of artificial intelligence (AI), robotics, and space exploration. He noted that artificial intelligence has increased productivity in many sectors, from software development to pharmaceutical research, where AI-driven drug discovery has increased efficiency tenfold.