ARK Invest stands by its prediction that Bitcoin will cost $1million by 2030

Cathie Wood’s ARK Invest has maintained its bullish stance on Bitcoin. ARK still sees Bitcoin closing the decade at $1 million because of its strong fundamentals.

ARK says Bitcoin continues to outperform traditional asset classes.

In May 2021, ARK Invest’s CEO Wood made her first bold price prediction during an interview on Bloomberg, predicting bitcoin will go to $500,000 by 2026.

ARK also foresee a bright future for smart contracts and decentralized finance, predicting they would power their way into "$450 billion in annual revenue and reach $5.3 trillion in market value by 2030.”

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