Cathie Wood lifts Bitcoin forecast to $750k-$1.25M

ARK Invest CEO Cathie Wood has significantly raised her long-term price forecast for Bitcoin, projecting the cryptocurrency could reach between $750,000 and $1.25 million within the next five years. Wood outlined these updated targets during a recent interview, citing institutional adoption as the primary driver behind the bullish outlook.

Wood’s base-case scenario now stands at $750,000, while her optimistic bull-case projection is $1.25 million. She pointed to three structural factors supporting this forecast: a generational wealth transfer favoring digital assets, Bitcoin's utility as an economic hedge in emerging markets, and accelerating institutional investment. Wood described Bitcoin as a new asset class with low correlation to traditional investments, arguing that portfolio managers have a responsibility to examine it for potential risk-adjusted returns.

The updated projections are detailed in ARK Invest’s annual "Big Ideas 2026" report. The report estimates Bitcoin’s market capitalization could grow from approximately $2 trillion today to nearly $16 trillion by 2030, implying annual compound growth of about 63%. Key demand drivers include spot Bitcoin exchange-traded...