Bitcoin (CRYPTO: BTC) has a market capitalization of about $1.9 trillion as of this writing. It represents more than half of the total value of all cryptocurrencies in circulation, which currently stands at $3.2 trillion.
Cathie Wood is the founder of Ark Investment Management, which operates several investment funds focused on innovative technologies like cryptocurrencies, electric vehicles, artificial intelligence, and more.
Ark issued a forecast in 2023 suggesting that Bitcoin could reach a price of $1.48 million by 2030, representing a potential gain of about 1,400%. However, Wood made an even bigger prediction last year, implying that Bitcoin could soar by 3,800% over the longer term.
Bitcoin recently reached a record high of more than $109,000, although it has since retreated a bit. So, how realistic is Wood's prediction?
Source : yahoo! finance
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