BTC Breaks $105K! ARK Invest’s Shocking $2.4 Million Price Prediction Revealed

Jakarta, Pintu News – Cathie Wood of Ark Invest has reiterated Bitcoin’s (BTC) potential to reach a valuation of one million dollars, while predicting the time it will take for the asset to reach that target.

Cathie Wood, CEO and founder of Ark Investment Management, remains very optimistic about Bitcoin, which is the cryptocurrency with the largest market capitalization. In a recent interview with CNBC, Wood reiterated her company’s expectation that Bitcoin will surge to $1.5 million.

Before discussing further about BTC price predictions, let’s explore the current BTC value movement first.

Bitcoin Price Rises 1.92% in 24 Hours

On May 20, 2025, Bitcoin was trading at $105,659, or around IDR 1,735,887,798 — marking a 1.92% gain over the past 24 hours. During this time, BTC dipped to a low of IDR 1,683,590,151 and climbed as high as IDR 1,757,948,528.

According to CoinMarketCap, Bitcoin’s market capitalization now stands at around $2.09 trillion, with trading volume in the last 24 hours also up 8.30% to $61.43 billion.

Read also: Bitcoin Potential to Break $110,000? Michael Saylor Prepares for a Massive BTC Buyout!

Timeline and Probability Theory

Cathie Wood stated that Bitcoin is expected to soar to $1.5 million by 2030, or about five years from now.

Interestingly, Wood-who also serves as the Chief Investment Officer (CIO) at Ark Invest-calls this the lower limit in the bull case.

In the base case scenario, Wood predicts that the major cryptocurrency will increase to a range of $700,000 to $750,000. Meanwhile, even in the worst case scenario, the price of Bitcoin is still expected to reach at least $300,000, which is still more than double the current market price.

To explain the rationale for this prediction, Wood cites several factors that are thought to be driving this ambitious price surge.

He highlighted Bitcoin’s role as “digital gold” that will replace physical gold, as market investors shift their allocation from old assets to new ones.

Financial Institutions Race to Get into Bitcoin

In addition, the Ark Invest executive also emphasized that large financial institutions are “just starting to try” to enter the Bitcoin market. He believes that the big players are yet to fully enter the market-a view also shared by Matt Hougan, CIO of Bitwise.

Hougan previously noted that 95% of Bitcoin’s supply is already in circulation and owned by certain entities, while 95% of the available global investment funds have yet to flow into the crypto market.

To give you an idea, there are currently 202 entities holding Bitcoin, with public companies being the dominant holders. Some of the large institutions holding significant amounts of Bitcoin include: Strategy (568,840 BTC), Block.one (164,000 BTC), Tether (100,521 BTC), and Marathon Digital (48,137 BTC).

Read also: 5 US Crypto Coins that Grabbed Attention This Week!

But according to Wood, as adoption becomes more widespread, more big players will enter and pour capital into this market.

Moreover, with less than 1 million BTC left to mine forever, Wood believes that the growing scarcity of supply and growing demand for this rare asset will trigger a supply shock and push the price rally towards $1.5 million.

Bitcoin Could Reach $2.4 Million: Ark Invest Prediction

Cathie Wood took inspiration from a recent report shared by David Puell, an on-chain analyst from Ark Investment, in his latest prediction regarding Bitcoin.

The report, published in April, showed that the renowned asset manager revised its 2030 Bitcoin price projection from $1 million to $1.5 million.

Citing increased adoption and the possibility that countries will start using Bitcoin as a foreign exchange reserve, Ark Invest predicts that in the best-case scenario, the price of Bitcoin could soar to $2.4 million per coin.

In addition, the report also noted that about 40% of the total Bitcoin supply has been “locked” or inactive. Paolo Ardoino of Tether (USDT) previously warned that this could change if quantum computers come into use.

With only 60% of the supply available and 95% of the total supply already mined, growing institutional adoption could push the price of Bitcoin to reach $2.4 million per coin.

Interestingly, there are even higher predictions than that. Top investment manager Lawrence Lepard predicts that the price of Bitcoin could reach $10 million in the long run.

Meanwhile, Michael Saylor of Strategy projects that the price of Bitcoin could skyrocket to $13 million per coin in the next 20 years.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Ark Invest Predicts Timeline for Bitcoin to Hit $1,500,000. May 20, 2025