Is bitcoin going to $1.5 million?

Cathie Wood of Ark Invest has updated her Bitcoin price prediction. She now thinks Bitcoin is going to $1.5 million. With Bitcoin ( BTC 0.10%) turning in its best January performance since 2013, it's no surprise that analysts are ratcheting up their price targets for this suddenly hot crypto.

How much will bitcoin cost in 2022?

During Bitcoin 2022, the ARK Invest founder Cathie Wood wowed the conference audience when she repeated her firm's price projection for bitcoin of $1 million by 2030. While bitcoin price predictions range from hundreds of thousands of dollars to millions within a few or many years, Wood's forecast is firmly on the higher end.

Will the bitcoin price explode by 2030?

Now, one of the most bullish bitcoin voices has issued a huge bitcoin price prediction, forecasting the bitcoin price will explode to a massive $1 million per bitcoin by 2030 even as another crisis threatens to engulf the crypto market. It's in a brutal bear market that you need up-to-date information the most!

Could a bitcoin prediction be a success?

Cochran considered the potential fallout of a prediction of this magnitude and the chances of success. He said the unprecedented growth in Bitcoin, even with large volatility spikes driven by extraordinary events, pales in comparison to what could be achieved with an even more extreme catalyst.