Cathie Wood, the CEO of Ark Investment, predicts that Bitcoin will reach a price of $1 million by 2030. She points to Bitcoin's fixed supply of 21 million as the key factor driving its value, noting that over 19.5 million BTCs have already been mined, increasing institutional demand. Wood compares Bitcoin to gold as a store of value, highlighting its scarcity and lower supply growth rate. She also credits the COVID-19 pandemic for accelerating the adoption of digital assets, particularly among younger investors. Overall, Wood believes Bitcoin is a new asset class with significant potential.



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