Cathie Wood: Bitcoin price is expected to reach $1.5 million by 2030

ChainCatcher news, ARK Invest CEO Cathie Wood stated in an interview with Bloomberg that Bitcoin is expected to reach $1.5 million by 2030.

Cathie Wood mentioned that as regional banks fail and stocks plummet, the price of Bitcoin has risen from $19,000 to $30,000. This represents investors "turning to safe assets to avoid risk." Additionally, Bitcoin can serve as "insurance" against the direct or indirect confiscation of wealth. Direct confiscation refers to the forcible seizure of assets, while indirect confiscation refers to inflation and the devaluation of the national currency.