Ark Invest CEO Cathie Wood is one of the most well-known names in the world of stocks and investing. She is also a big believer in the future value of cryptocurrencies like Bitcoin (CRYPTO: BTC).
Here’s a look at how much a small investment in the leading cryptocurrency could return if her big target price is reached.
What Happened: Wood has thrown out price targets of $400,000 and $500,000 for Bitcoin. She then backed a price target of $1 million, as discussed by Ark analyst Yassine Elmandrja in a report.
Related Link: How To Buy Bitcoin
While the price of Bitcoin has traded between $15,599.05 and $59,367.97 over the last year, it did hit an all-time high of around $69,000 in November 2021.
A $100 investment in Bitcoin could purchase 0.00607 BTC today based on a price of $16,466.14 at the time of writing.
If Bitcoin hits the $1 million price target by Wood in 2030, the $100 investment would turn into $6,070. This represents a gain of 5,970% from now until 2030.
Over the next eight years, the hypothetical investment would have average annual returns of 746.3% if the price target is reached.
Why It Matters: Wood has called for increased use cases for cryptocurrency and more companies to add exposure to their balance sheets.
Wood has added large purchases of cryptocurrency-related companies to the Ark Invest portfolio. Among the largest crypto related holdings in the Ark Invest ETFs are the Grayscale Bitcoin Trust (OTC:GBTC) and Coinbase Global (NASDAQ:COIN).
The Grayscale Bitcoin Trust is the eighth largest holding in the Ark Next Generation Internet ETF (NYSE:ARKW) at 5.1% of assets.
Coinbase is the seventh largest holding in the Ark Next Generation ETF, the 14th largest holding in the Ark Innovation ETF (NYSE:ARKK) and the third largest holding in the Ark Fintech Innovation ETF (NYSE:ARKF) at 5.3%, 3.5% and 6.2% of assets respectively.
As for the bankruptcy of FTX and other problems for cryptocurrency platforms in 2022, Wood says they're a short-term setback and Bitcoin could come out “smelling like roses” in the future.
The fact that companies like Tesla Inc (NASDAQ:TSLA), Block Inc (NYSEP:SQ) and MicroStrategy (NASDAQ:MSTR) are adding Bitcoin to their balance sheets is a positive sign, Wood says.
“Sometimes you need to battle test, go through crises, to see the real survivors,” she told Bloomberg.
Wood said Bitcoin hash rate has hit an all-time high and also discussed Ethereum (CRYPTO: ETH) staked value hitting all-time highs.
Last year, Wood said that if all corporations put 1% to 10% of their cash balance into Bitcoin, the valuation of the leading cryptocurrency could rise significantly.
“What’s the reason not to diversify?” Wood asked at the time.
In an interview with Benzinga, Wood said Ark was “very optimistic about Bitcoin in particular.”
Wood also famously predicted in 2018 that Tesla shares would hit $4,000, which at the time was among the highest public targets. Indeed, Tesla shares hit a split-adjusted $4,000 in January 2021.
But with Bitcoin trading significantly under her price target and the industry facing potential setbacks, many will question Wood’s price target. As the saying goes, only time will tell.
Read Next: Cathie Wood Loaded Up On These 3 Crypto Linked Stocks
FAQs
According to Wood, Bitcoin could go as high as $3.8 million if institutional investors were to begin investing heavily in it. While the analysis is likely correct, it is unlikely that institutions would put 5% of their portfolios into Bitcoin within six years.
How much will 1 Bitcoin be worth in 2030? ›
Bitcoin (BTC) Price Prediction 2030
| Year | Price |
|---|
| 2025 | $ 71,114.98 |
| 2026 | $ 74,670.73 |
| 2027 | $ 78,404.27 |
| 2030 | $ 90,762.74 |
1 more rowThe price of 100 Bitcoin in the US is 5.95M USD. Additionally, Bitcoin's price for 100 USD is 6.39M EUR in the eurozone, 7.47M GBP in the UK, 4.36M CAD in Canada, 3.94M AUD in Australia, 71,404 INR in India, 4,365.40 KRW in South Korea, and 6.55M CHF in Switzerland.
What is the price prediction for Bitcoin 100 000? ›
Notably, Bitcoin has demonstrated remarkable growth, surpassing a 100 percent increase in value over the past 12 months. On March 14, 2024, Bitcoin achieved an all-time intraday high of $73,835.57, igniting optimism for a potential ascent towards the coveted $100,000 milestone.
How much will 1 Bitcoin be worth in 2040? ›
By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040. Conversely, if the market turns bearish, the minimum price level of BTC Coin could fall down to $5,42,838.40 by 2040.
How much will 1 Bitcoin be worth in 2025? ›
Bitcoin Overview
| Year | Minimum Price | Maximum Price |
|---|
| 2024 | $84,475.55 | $96,546.34 |
| 2025 | $121,440.85 | $145,871.41 |
| 2026 | $166,264.37 | $208,801.12 |
| 2027 | $251,829.81 | $292,272.77 |
8 more rowsBitcoin Cash (BCH) Price Prediction 2030
| Year | Price |
|---|
| 2025 | $ 478.89 |
| 2026 | $ 502.83 |
| 2027 | $ 527.97 |
| 2030 | $ 611.19 |
1 more rowEthereum (ETH) Price Prediction 2024-2040
| Year | Minimum Price | Maximum Price |
|---|
| 2027 | $11,892.81 | $14,527.55 |
| 2028 | $18,352.16 | $20,942.91 |
| 2029 | $26,883.31 | $31,829.82 |
| 2030 | $38,664.13 | $47,066.29 |
8 more rowsJurrien Timmer, Director of Global Macro at Fidelity Investments, predicts a staggering future for Bitcoin, suggesting that the value of a single Bitcoin could soar to $1 billion by 2038 to 2040.
How much will I get if I put a dollar in Bitcoin? ›
Convert United States Dollar to Bitcoin
1 USD equals 0.000015 BTC. The current value of 1 United States Dollar is -0.32% against the exchange rate to BTC in the last 24 hours. The current Bitcoin market cap is $1.35T. Create a free Kraken account to instantly convert USD to BTC today.
How much Bitcoin can I get for $1000? ›
Convert US Dollar to Bitcoin
| USD | BTC |
|---|
| 500 USD | 0.007323 BTC |
| 1,000 USD | 0.01465 BTC |
| 10,000 USD | 0.1465 BTC |
| 100,000 USD | 1.46 BTC |
11 more rowsBitcoin Price Prediction 2030
Finally, in 2030, Bitcoin prices are predicted to maintain a positive trend. Indeed, the BTC price is expected to reach a new all-time high, ranging between $277,751 and $347,783. In conclusion, the average cost is expected to be $312,767.
How much would $1000 in Bitcoin be worth in 2030? ›
If Bitcoin continues this pattern into 2030, the price could peak around 2029 or 2030. If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.
How high can Bitcoin realistically go? ›
Ark's research suggests the cryptocurrency could soar 2,115% to almost $1.5 million by 2030 -- but Wood herself came out with an even more bullish estimate recently, saying Bitcoin could rocket 5,453% to $3.8 million.
What is the realistic price prediction for Bitcoin? ›
Max Keiser predicts Bitcoin to be worth $200K in 2024. Fidelity predicts one Bitcoin will be worth $1B in 2038. Hal Finney predicted $22M per Bitcoin by 2045.
How much could Bitcoin be worth in 5 years? ›
We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.
Is Bitcoin going to skyrocket? ›
Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.
What will Bitcoin be worth in 2050? ›
Bitcoin (BTC) Prediction for 2040 and 2050
If we draw a line connecting Bitcoin's historical lows, we get a prediction of $1.3 million by 2030 and a staggering $200+ million by 2040 and 2050, which would put its market cap at an unreasonable $4 quadrillion. By this time, this asset class will likely be matured.
