Bitcoin price "at least a 580% rise by 2030" predicted by Cathy Wood

Table of Contents * 1. "At least in the 700,000 Dollar range"

• 2. Mr. Wood discusses the three elements of Bitcoin growth
• 3. Background of ARK's Bitcoin Price Prediction Trend

• 3.1. Change in bullish outlook based on predictions for 2024
• 3.2. ARK's BTC Price Forecast, Reasons for the Upside Revision

• 4. Evaluation of the cryptocurrency market on BTC predictions

"At least in the range of 700,000 Dollars"

Cathy Wood, CEO of the U.S. asset management firm ARK Investment, indicated in an interview with CNBC on May 9, 2025, that the price of Bitcoin (BTC) is expected to "increase by at least 580% from its current value" by 2030.

Mr. Wood also stated that "by the end of 2030, Bitcoin is expected to reach at least the $700,000 range (approximately 110 million yen)."

This forecast is a bullish prediction that the price of Bitcoin will grow approximately 6 to 7 times in the future, attracting significant attention from investors.

Mr. Wood Discusses Three Factors for Bitcoin Growth

In the interview, Mr. Wood also mentioned the detailed reasoning behind his Bitcoin price predictions.

Mr. Wood revealed that he has set a Bitcoin price target of "700,000 to 750,000 Dollar in the standard scenario (base case), and 1.5 million Dollar (about 220 million yen) in the bullish scenario" by 2030, and explained the three main factors supporting this reasoning as follows.

• The possibility of Bitcoin replacing part of the gold market as "digital gold" (expansion of demand as a store of value)
• Expansion of investments and increase in asset allocation by institutional investors
• Adoption of Bitcoin use cases in emerging markets

Mr. Wood emphasized that these factors support the long-term growth of Bitcoin prices, stating that "the Bitcoin market is still in its early growth stage and has room to grow even larger in the future."

This analysis is also based on the latest report by David Puell, an on-chain analysis expert at ARK Investment.

The report supports a bullish forecast for Bitcoin prices by modeling factors such as some alternatives to the gold market, increased asset allocation by institutional investors, and expanding demand in emerging markets, all aimed at 2030.

ARK Investment's analysis takes into detailed consideration the potential expansion of Bitcoin's market size and the decreasing trend in its circulating supply, predicting a long-term price increase scenario.

Mr. Wood's remarks this time reaffirmed a bullish investment outlook backed by specific data analysis.

Background of ARK's Bitcoin Price Prediction Trends

This forecast is in line with the consistently bullish Bitcoin price outlook demonstrated by Mr. Wood and ARK Investment.

Changes in bullish outlook based on predictions for 2024

Compared to past predictions, it can be seen that the bullish sentiment towards the price of Bitcoin has been gradually increased.

Mr. Wood predicted during his appearance on CNBC in January 2024 that "by 2030, Bitcoin could reach 600,000 Dollar (approximately 87 million Yen) in the standard scenario and 1.5 million Dollar in the bullish scenario."

This prediction commented that at the time, the approval of a spot Bitcoin ETF in the United States would be a key factor in driving market expansion and price increases, stating that "the likelihood of the bullish scenario has significantly increased due to ETF approval."

Furthermore, in March 2024, it was stated at an event for institutional investors held in New York that "if large institutional investors allocate more than 5% of their portfolios to Bitcoin, an additional 2.3 million Dollars will be added to the previous forecast of 1.5 million Dollars."

This statement also mentions the possibility that the price of Bitcoin could reach a maximum of 3.8 million Dollar (approximately 550 million yen) by 2030.

In this way, Mr. Wood's Bitcoin price forecast has gradually raised its bullish outlook in response to market conditions and investment circumstances (such as the increasing participation rate of institutional investors).

BTC price prediction for ARK, what is the reason for the upward revision?

On the other hand, ARK Investment itself regularly updates its Bitcoin price forecasts.

In April 2025, ARK Investment announced in its official analysis report that it had revised its Bitcoin price target range for the end of 2030 to "$500,000 in a conservative scenario, $1.2 million in a standard scenario, and $2.4 million in a bullish scenario."

This is an optimistic outlook that represents a substantial upward revision of approximately 60% from the forecast range announced by the company at the beginning of 2024 (conservative scenario of 300,000 Dollar, standard scenario of 710,000 Dollar, and bullish scenario of 1,500,000 Dollar).

This revision is explained as a result of analyzing the latest market trends such as the decrease in the market circulation of Bitcoin (decline in active supply) and the expansion of institutional investors' investments.

The Bitcoin price forecast of $700,000 mentioned by Mr. Wood in a CNBC interview, which states a rise of at least +580% from the current level, seems to be a conservative estimate compared to the company’s latest report's standard scenario of $1,200,000.

However, Mr. Wood has shown several times a more optimistic Bitcoin price forecast exceeding 1.5 million Dollars in other venues, so he may have explained based on relatively cautious figures during this appearance.

Evaluation of the Cryptocurrency Market Regarding BTC Predictions

As a reaction to the investment market, there are mixed opinions on whether the price of Bitcoin can actually maintain a long-term upward trend, but ARK Investment's forecast has garnered significant attention as a representative view of investors expecting a rise in Bitcoin prices.

The price of Bitcoin was showing a strong upward trend, updating its all-time highs one after another from the end of 2024 to the beginning of 2025, briefly surpassing the 100,000 Dollar (about 14.5 million yen) mark.

Since then, there have been numerous reports of major institutional investors entering the market, such as the expansion of cryptocurrency-related services by major financial institutions and the rapid growth of the Bitcoin ETF market, as well as the increasing demand for Bitcoin in emerging markets. These concrete developments are steadily increasing the market factors that support Mr. Wood's bullish predictions.

On the other hand, among experts in the cryptocurrency industry, there is a cautious view that "price predictions are merely scenario analyses and carry a high level of uncertainty."

The cryptocurrency market is greatly influenced by regulatory trends in various countries and global economic fluctuations, and there have been multiple cases in the past where bullish forecasts have significantly missed the mark (such as high price predictions by prominent investors not being reached).

Including these, this time, Cathie Wood's Bitcoin price prediction reaffirms her strong conviction that has consistently forecasted the growth of the Bitcoin market over the years.

The basis for this includes specific data analysis and detailed research on market trends, drawing attention from many investors as a data-driven strategic investment perspective rather than mere optimism.

*The price is based on the exchange rate at the time of writing (1 Dollar = 144.98 yen)

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Source: CNBC Interview

Written by: BITTIMES Editorial Department

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