Cathie Wood: BTC Will Be Priced at $1.5 Million in Seven Years

Cathie Wood of Ark Investment Management said that she feels bitcoin – the world’s number one digital currency by market capitalization – could wind up hitting a price of $1.5 million by the year 2030.

This is a tad different from the comments she made in early January of this year. During that time, Wood was confident that bitcoin would only reach a price of $1 million by the year 2030. Now, it looks like she’s upping the ante by as much as half a million dollars. Clearly, she thinks big things will happen for BTC in the coming months and years.

A $1.5 million price would be an increase of more than 6,000 percent from where it is now. This is arguably a bull-case scenario, as its base case sees the currency only reaching about $682,000. As of this writing, the currency is trading for about $23,000, a near $7,000 hike over just the past few weeks alone.