Cathie Wood Explains How Long the BTC Bull Run Can Last

Cathie Wood, CEO of Ark Invest, believes we are only halfway through the BTC bull market.

Cathie Wood doesn’t believe the bull market is over

Wood sat down for an interview with science and technology entrepreneur Peter Diamonds to discuss bitcoin.

According to the CEO of Ark Invest, the bull market for cryptocurrencies is not over. Onchain data shows that the market is currently in the middle of this phase of the cycle. At the same time, however, this does not mean that the price will only increase by the same percentage as from the bottom. No, Wood believes that a parabolic price jump is ahead of us.

She also pointed to the growing interest in BTC ETFs from institutions. And that could lead to parabolic increases.

She further highlighted that since the launch of BTC ETFs, none of the major brokerage firms such as Morgan Stanley, UBS, Wells Fargo, Bank of America, and Merrill Lynch have added funds to their platforms because they all conduct due diligence (putting a company/asset through in-depth analysis). However, if any of these firms were to offer BTC ETFs to their clients, it would lead to a jump in price and greater adoption.

$1 million per BTC by 2030

But how much can a bitcoin cost? According to Cathie Wood, it will be as much as $1.5 million. However, not in 2025, but by 2030. However, this would mean that in this cycle, one bitcoin will be worth several hundred thousand USD (probably less than $300,000).

Wood also explained what could drive growth. She pointed to the entry of institutions into the market. In addition, she believes that bitcoin is increasingly being considered an alternative to gold.

Today, one bitcoin costs $58,000, down 1.58% from yesterday and 1.37% for the week. Ether costs $3,100, the same as yesterday. However, over the past 7 days, the price has fallen by almost 4%.