PANews reported on February 12 that according to Cointelegraph, Bitcoin has been trading below the key $100,000 price level since February 4, as concerns about the global trade war weighed on investor sentiment after the United States and China announced new import tariffs. Despite the temporary downturn in the market, according to Cathie Wood, CEO and chief investment officer of ARK Invest, the chances of Bitcoin breaking through $1.5 million per coin have increased.
“Many people know that our bullish call for Bitcoin is $1.5 million,” Wood said in a video posted on Feb. 11. “We actually think the odds of our bullish call being the correct number have gone up because of the institutionalization of this new asset class. Many institutional investors are now looking at Bitcoin and thinking they need to have Bitcoin in their asset allocation because its return and risk characteristics are so different from all other assets in the portfolio.”
According to ARK Invest's "Big Ideas 2025" report, Bitcoin price is expected to reach $1.5 million by 2030 in a "bullish scenario". If Bitcoin's price has the potential to rise to $1.5 million, it would mean an average compound annual growth rate (CAGR) of 58% over the next five years. However, ARK Invest's base case assumes a 40% CAGR for Bitcoin, which would bring the price of each BTC to $710,000 by 2030. In ARK's pessimistic forecast, Bitcoin's CAGR would reach 21% by 2030, reaching $300,000.
Related reading: "Wood Sister"'s major crypto report: Bitcoin will reach 1.5 million US dollars, AI Agent will bring epoch-making changes
