Cathie Wood Has Said That Bitcoin Will Hit $1.5 Million

• ARK Invest projects Bitcoin to reach $1.5 million by 2030 based on institutional inflows and fixed supply dynamics.
• As of May 2025, Bitcoin trades above $103,000, supported by post-ETF approval demand and on-chain accumulation.
• Additional forecasts from SkyBridge, Unchained Capital, and InvestingHaven suggest $200K–$1M Bitcoin targets within the decade.

Cathie Wood, CEO of ARK Invest, stated again in May 2025 that Bitcoin could reach $1.5 million by 2030. She confirmed the forecast in a CNBC interview dated May 9, 2025. ARK Invest’s models include a base-case projection of $700,000 for Bitcoin, with the bull-case target being that $1.5 million figure. These scenarios consider Bitcoin’s fixed supply, institutional investment trends, and the growing financial infrastructure supporting Bitcoin.

Bitcoin Trades Above $103,000 in May 2025

As of May 19, 2025, Bitcoin trades at $103,559 on the 4-hour chart from Bitstamp, according to TradingView data. The price opened the day at $102,958 and reached a high of $103,790 before closing at $103,559, showing a daily increase of 0.54%.

The chart also shows that Bitcoin remains above the 50-period Exponential Moving Average (EMA), which currently sits at $103,088. This level acts as short-term dynamic support. Bitcoin bounced off this EMA multiple times in recent days, showing that bulls are defending the $103,000 zone.

Looking at recent price structure, Bitcoin has maintained an upward trend since April 18, forming higher lows and higher highs. A significant rally began in late April, with a steep price jump around April 23, pushing the price above $95,000. The trend continued with moderate corrections and another strong leg up in early May.

After touching a local peak above $106,000, Bitcoin pulled back toward the 50 EMA but did not break below it. Trading volume shows slight increases during upward movements, suggesting demand remains steady. At present, price action remains above key support levels, with traders watching for either consolidation or a continuation of the upward move.

This price behavior coincides with growing ETF inflows and institutional access, creating additional momentum for Bitcoin’s movement in regulated environments.

Institutional Demand Surges: Bitcoin ETF Inflows Top $10 Billion in Q1

Following the ETF approvals in January 2024, institutional interest began rising. Daily trading volume on major ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT) and the ARK 21Shares Bitcoin ETF (ARKB), now exceeds $2 billion. According to ARK Invest’s April 2025 update, total inflows into Bitcoin ETFs surpassed $10 billion during Q1 2025.

In the same interview, Wood stated that only a small portion of global institutional portfolios includes Bitcoin. ARK’s models project that if institutions allocate 2.5% of their portfolios to Bitcoin, the price could exceed $1 million by the end of the decade.

Bitcoin’s Fixed Supply Contrasts Growing Fed Balance Sheet

Meanwhile, Bitcoin’s maximum supply remains fixed at 21 million coins. As of May 2025, miners have released around 19.7 million coins into circulation, based on the data. ARK links Bitcoin’s valuation to its capped supply and the current global debt environment.

During the same period, the U.S. Federal Reserve’s balance sheet reached $8.5 trillion, compared to $4.2 trillion in 2019, according to Federal Reserve Economic Data (FRED). In contrast, Bitcoin’s supply growth slowed after the April 2024 halving, which reduced the miner reward from 6.25 BTC to 3.125 BTC per block.

ARK Keeps Bitcoin Exposure Across Funds

At the portfolio level, ARK Invest continues to maintain Bitcoin exposure. Its ARK 21Shares Bitcoin ETF (ARKB) manages over $2.2 billion in assets as of May 15, 2025. ARK also holds exposure through the ARK Next Generation Internet ETF (ARKW), which includes both direct Bitcoin allocations and shares in Coinbase.

ARK’s latest filings with the U.S. Securities and Exchange Commission (SEC) confirm these holdings. The firm has made no public statement indicating any plan to reduce its exposure.

Coinbase Sees Huge Q1 Institutional Inflow; Mainstream BTC Access Widens

In parallel, Coinbase reported a sharp increase in assets under custody during the first quarter of 2025. According to the company’s Q1 2025 Shareholder Letter, institutional clients added $25 billion in new deposits, raising total average assets under custody to $212 billion. This growth was driven by inflows from spot Bitcoin ETF issuers, corporate treasuries, and high-net-worth individuals.

Although Coinbase did not publish a specific number of active users for the quarter, its previous filings suggest a growing base of both retail and institutional participants. The platform continues to serve as the primary custodian for several large U.S. Bitcoin ETFs, including those managed by BlackRock and ARK Invest.

According to ARK’s April 2025 Bitcoin Monthly report, spot Bitcoin ETFs now provide coverage for approximately 65% of U.S. retirement accounts via brokerage platforms like Fidelity, Charles Schwab, and E*TRADE. This marks a significant expansion in Bitcoin’s reach into mainstream investment portfolios, reflecting broader adoption across both institutional and retail investor segments.

As custody infrastructure expands and access improves, ARK’s Bitcoin valuation models integrate these conditions into longer-term forecasts. The inclusion of Bitcoin in retirement plans signals a shift in portfolio construction across regulated financial products.

Other Analysts Join Cathie Wood with Bullish Long-Term Bitcoin Price Predictions

While ARK Invest maintains a $1.5 million price target for Bitcoin by 2030, other firms and analysts have issued their own long-term forecasts. Each estimate relies on different assumptions, yet all point to sustained growth driven by institutional demand and Bitcoin’s fixed supply.

Anthony Scaramucci, founder of SkyBridge Capital, said Bitcoin could reach $200,000 by the end of 2025. He connected this forecast to expanding ETF demand and rising wallet adoption, projecting that user numbers could surpass 500 million globally by year-end.

Meanwhile, Unchained Capital’s Director of Market Research, Joe Burnett, forecasted that Bitcoin could hit $250,000 in 2025 and reach $1 million by 2030. He tied these projections to what he described as a potential sovereign race to acquire Bitcoin, as governments and institutions compete for exposure to scarce assets.

InvestingHaven presented a price range between $80,410 and $151,150 for 2025, with a possibility of reaching $200,000 under strong momentum. The firm based its estimate on chart patterns and continued institutional allocation.

Taken together, these projections show that several major players view Bitcoin as an asset with substantial long-term upside. While targets vary, most models account for increased institutional access, post-halving supply constraints, and Bitcoin’s expanding integration into global finance.