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Cathie Wood expects Bitcoin to hit 1.5 million dollars by 2030

Reported by Faizan Khan (Staff Writer) · Economic Times - Markets ·

Unconfirmed — Reported by one source so far

Reported by one source so far

Important
Cathie Wood expects Bitcoin to hit 1.5 million dollars by 2030Photo: Wikimedia Commons

Bitcoin could reach 1.5 million dollars by the year 2030, according to investor Cathie Wood. Big companies starting to use it and the growth of artificial intelligence are pushing this growth. Bitcoin has recently beaten gold in market performance, which makes her outlook even stronger. Warren Buffett disagrees with this view. He has a long history of calling cryptocurrency risky and based on pure speculation.

Context

Digital currencies like Bitcoin operate outside of traditional banking systems and are often viewed as alternative assets. Financial experts hold very different opinions on their long-term value and safety.

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