In a recent interview, Cathie Wood stated that despite recent volatility and capital outflows in Bitcoin, ARK Invest maintains its long-term forecast that BTC will reach $1.5 million by 2030.

She pointed out that Bitcoin is currently "more than halfway through" its four-year cycle, and the structure is still bullish, but the market is currently in a "risk-averse period," which is why price volatility is increasing.

Cathie Wood believes that the emerging trend of regulatory deregulation in the United States will be crucial for institutional entry into this asset class. Asset allocators must develop an opinion on Bitcoin, and including it in their portfolios will "significantly enhance risk-adjusted returns."