Here’s How Much $100 of Bitcoin Could Be Worth in 2030 If Cathie Wood’s Price Target Is Reached
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Leading cryptocurrency Bitcoin (CRYPTO: BTC) briefly passed the $100,000 mark in December. While Bitcoin has fallen in recent days since reaching new all-time highs, Ark Invest CEO Cathie Hout sees a much higher price target ahead.
Following Wood in Bitcoin: Wood has been a vocal bull for the cryptocurrency sector for years, which she recently said could be helped by the new White House administration.
Wood has shared price targets for Bitcoin over the years, including a high of $3.8 million for BTC by the year 2030. Here’s a look at how much a small investment in Bitcoin today could rise over time if Wood’s various price targets are achieved going forward. .
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With Bitcoin hitting an all-time high after the 2024 presidential election, big questions remain about how high the leading cryptocurrency can go.
Earlier this year, Wood laid out her price targets for Bitcoin based on a bear case, base case, and bull case for the year 2030. Wood also added a new bull case, which includes the potential highest price Bitcoin could reach in 2030 if companies were to allocate 5 to it. % to Bitcoin.
Since Bitcoin was trading at $97,106.64 at the time of writing, an investor could buy 0.00103 BTC today with $100. Here’s how much that $100 would be worth in the future under Wood’s different price targets.
Bear Case, $258,500: $100 today would be worth $266.26, up 166.3%
Base case $682,000: $100 today would be worth $702.46, an increase of 602.5%
Bull Case, $1,480,000: $100 today would be worth $1,524.40, up 1,424.4%
Bullish Case, $3,800,000: $100 today would be worth $3,914.00, up 3,814.0%
**This syndication was originally published on December 9, so forecast numbers are based on that date.
As you can see, a small investment would yield a significant return if Wood’s basic or bullish predictions come true. Even hitting the bearish price target would more than double the investment from today.
While there is no guarantee that any of the price targets will be met, the exercise shows how a small investment in cryptocurrency can add up over time.
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What’s next: Wood recently reiterated her price targets in a CNBC interview, highlighting how Ark Invest invested in Bitcoin early on.
“We were the first public asset manager to gain exposure to Bitcoin at $250 in 2015,” Wood said.
Wood said that even if Bitcoin trades around $90,000, the company believes it still has a long way to go.
The fund manager said that getting regulatory relief with a new administration is one of the most important things for Bitcoin. Wood also sees Bitcoin being viewed as a new asset class, leading to more institutions and asset allocators looking to invest in the top cryptocurrency.
Wood’s Ark Invest was also one of many companies to have a Bitcoin ETF approved by the SEC Ark 21 shares Bitcoin ETF (BATS:ARKB).
Wood’s latest price target of $3.8 million is perhaps one of the largest by any fund manager and one of the most bullish bets on cryptocurrency. The goal stemmed from the adoption and early success of Bitcoin ETFs earlier this year.
“With this institutional green light that the SEC has given, no matter how hard they kicked and screamed, the analysis we’ve done is that if institutional investors were to allocate just over 5% of their portfolios to Bitcoin, as we think they would will do. Over time, that alone would add $2.3 million to the projection I just gave you,” Wood said.
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Adding $2.3 million to the $1.5 million results in a new 2030 price target of $3.8 million.
The approval of the Bitcoin ETFs prompted Wood to say in an interview that “the likelihood of a bull case has increased.”
Wood and Ark Invest are not only betting on Bitcoin’s success with its cryptocurrency holdings and ETF, the company is also investing in crypto-related companies.
The flagship Ark Innovation ETF (NYSE:ARKK) has Coinbase Holdings (NASDAQ:COIN) as the second largest holding, accounting for 10.0% of assets. Robinhood Markets (NASDAQ:HOOD) is the fund’s sixth largest holding, accounting for 5.1% of its assets.
Bitcoin hit an all-time high of $103,900.47 on December 4, one of several records set after the 2024 election.
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This article was previously published by Benzinga and has been updated.
Image created using photos courtesy of Ark Invest and Shutterstock.
This article Here’s How Much $100 In Bitcoin Could Be Worth By 2030 If Cathie Wood’s Price Target Is Reached originally appeared on Benzinga.com
