Cathie Wood, a renowned growth investing mastermind, has expressed her bullish views on Bitcoin, predicting a potential surge of 1,500% in its value by the year 2030. In a recent Bloomberg TV interview, Wood reiterated her investment thesis, citing several key reasons why she believes Bitcoin is undervalued and poised for significant gains.
According to Wood, institutional investors are increasingly taking digital assets seriously, thanks to new tools such as spot Bitcoin exchange-traded funds (ETFs). This influx of institutional capital is expected to increase the asset’s price stability over the next few years. Additionally, the scarcity of Bitcoin, with 94.3% of all possible coins already mined and in circulation, will drive up its value.
Wood also highlighted Bitcoin’s role as a valuable accounting tool, comparable to a global, rules-based system that tracks gold reserves. This system is secure, decentralized, and backed by the largest computer system in the world. Unlike physical gold, Bitcoin’s supply growth is mathematically metered, with an expected increase of 0.9% per year for the next four years, followed by a cut in half.
Cathie Wood’s 5-year target price for Bitcoin stands at at least $1 million per coin, and her underlying investment thesis suggests that buying in early will be more profitable in the long run. With major banks and ordinary nest-egg builders taking notice of the asset’s potential, investors should pay attention to this “newfangled cryptographic token.”
Wood’s views on Bitcoin are backed by historical data, as seen in the Motley Fool’s “Double Down” stock recommendations, where past investments have yielded significant returns. While there may not be another chance like this anytime soon, investors who act now could potentially reap substantial rewards.
Source: https://eu.usatoday.com/story/money/investing/2025/01/02/cryptocurrency-buy-bitcoin-cathie-wood/77212912007