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Russian (RU) Ark Invest CEO Cathie Wood has been a vocal bull for the cryptocurrency sector for years, specifically for leading cryptocurrency Bitcoin (CRYPTO: BTC), which she recently said could be helped by the incoming White House administration.
Wood has shared price targets for Bitcoin over the years, including a high of $3.8 million for BTC by the year 2030. Here's a look at how much a small investment in Bitcoin today could increase over time if Wood's various price targets are reached in the future.
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Following Wood Into Bitcoin: With Bitcoin hitting all-time highs after the 2024 presidential election, big questions remain about how high the leading cryptocurrency can go and how long it will take to reach various milestones like $100,000.
Earlier this year, Wood laid out her price targets for Bitcoin based on a bear case, base case and bull case for the year 2030. Wood also added a new bull case that includes the potential highest price Bitcoin could reach by 2030 if companies allocated 5% to Bitcoin.
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With Bitcoin trading at $89,384.76 at the time of writing, an investor could buy 0.00112 BTC today with $100. Here is a look at how much that $100 would be worth in the future under Wood's various price targets.
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Bear Case, $258,500: $100 today would be worth $289.52, up 189.5%
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Base Case, $682,000: $100 today would be worth $763.84, up 663.8%
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Bull Case, $1,480,000: $100 today would be worth $1,657.60, up 1,557.6%
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Bullish Case, $3,800,000: $100 today would be worth $4,256.00, up 4,156.0%
As you can see, a small investment would turn into a sizable return if Wood’s base or bullish predictions come true. Even the bearish price target hitting would more than double the investment from today.
While there’s no guarantee that any of the price targets will hit, the exercise shows how a small investment in cryptocurrency could add up over time.
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What's Next: Wood recently reiterated her price targets in a CNBC interview while highlighting how Ark Invest was early to investing in Bitcoin.
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