Bitcoin’s Bull Run Sparks $135K Ceiling Forecast, but Could a $70K Correction Be Inevitable? 
Shiba Inu Burn Rate Spikes 464% With Over 624M SHIB Burned in a Week, Price Gains Ahead? 
XRP Surges 82%, Golden Cross Signals Historic Breakout Beyond $1.265 
Ripple Whales Buy 320M XRP in Days, Driving Price to $1.08 Amid Bullish Market Trends 
LA Times Owner Patrick Soon-Shiong Sparks Debate With Push to 'Balance' Editorials by Hiring Conservative Voices 
Shiba Inu Set for Major Rally as Golden Cross Signals 23% Price Surge 
Coinbase CEO Armstrong's Game-Changing Proposal to Musk’s D.O.G.E.: Sovereign Wealth and Spending Caps 
Tyler Winklevoss: D.O.G.E. Could Be the US’s Secret Weapon Against Rising Inflation 
Trump’s Bitcoin Reserve Plan: Could $90B in BTC Make the U.S. a Crypto Superpower? 
Russia Cuts Gas to Austria in Payment Showdown: EU Energy Crisis Takes a Heated Turn 
Trump Meeting Rumors Put Ripple Labs CEO in Hot Seat; XRP Soars Amid Backlash 
S&P 500 to Surge Backloaded in 2025: UBS Predicts 6,400 Milestone Amid Global Growth Headwinds 
Bitcoin Tumbles as Fed Chair Powell Signals No Hurry to Lower Rates, December Cut Uncertain 
Taiwan Appeals to EU for Bold Economic Pact to Strengthen Semiconductor Alliance 
Ethereum's Rising Exchange Reserves and ETF Inflows: A Prelude to Major Price Moves? 
![](https://www.pinterest.com/pin/create/button/?url=https://econotimes.com/Cathie-Wood-Says-Bitcoins-Journey-Is-Just-Beginning-as-It-Hits-90K-With-A-Long-Way-to-Go-1694158/&media=https://f1.econotimes.com/2024/11/508nsqyz3h_th_1024x0.jpeg&description=Cathie Wood Says Bitcoin’s Journey Is Just Beginning as It Hits $90K With "A Long Way to Go" - EconoTimes)
Despite Bitcoin’s surge to a record-breaking $90,000, ARK Invest’s Cathie Wood argues the cryptocurrency is only at the start of its ascent. Predicting a possible rise to $1.5 million by 2030, she attributes the momentum to growing institutional interest and regulatory shifts.
ARK’s Early Bet on Bitcoin Pays Off
Despite Bitcoin recently breaking a record high of $90,000, ARK Invest's Cathie Wood believes its journey is far from over. Speaking on CNBC’s Squawk Box on Nov. 15, Wood emphasized ARK’s foresight in gaining exposure to Bitcoin as early as 2015, when it traded at just $250.
Wood also pointed to "regulatory relief" as a key driver for Bitcoin’s continued momentum, a policy anticipated under the incoming Trump administration.
Highlighting Bitcoin’s evolution, Wood noted that the cryptocurrency is now seen as a “new asset class.” This shift is compelling institutions and asset managers to include Bitcoin in their portfolios, given its unique behavior compared to other assets.
Bitcoin’s Potential: Bold Forecasts for 2030
In her five-year forecast, Wood reiterated her bullish stance, predicting a 2030 base target of $650,000 and a bull case range of $1 million to $1.5 million, Cointelegraph shares.
On Nov. 13, Bitcoin’s price hit a peak of $93,477, according to CoinGecko. While it dipped slightly following the milestone, it quickly rebounded and returned to above $90,000 during early trading on Nov. 18. Price discovery beyond this level, however, remains elusive.
Wood reinforced her optimism on Nov. 16, citing onchain analytics that indicate a robust bull market. She pointed out that Bitcoin’s supply growth dropped to 0.9% after its April halving—lower than the long-term growth in gold supply for the first time.
Turbocharging Innovation Could Drive Bitcoin Growth
In a video posted on X on Nov. 11, Wood discussed the economic potential of "defanging" financial regulators like the SEC. She argued that redirecting focus toward innovation in digital assets, artificial intelligence, and other technological fields could "turbocharge" the U.S. economy, further strengthening Bitcoin’s position.
