Cathie Wood, CEO and CIO of Ark Invest, has stated that the probability of Bitcoin's price reaching $1.5 million has increased. She attributes this to the growing institutional adoption of Bitcoin and its unique return and risk profile. Wood maintains Ark Invest's ambitious Bitcoin price targets for 2030 and believes that Bitcoin's increasing role in institutional investment, digital gold adoption, safe-haven demand, and on-chain financial services will drive its growth. Additionally, Wood highlights the rapid expansion of stablecoins, which surpassed Visa and Mastercard in terms of total transaction value in 2024, indicating a shift towards a decentralized financial ecosystem.



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