ARK CEO Forecasts $700K–$1.5M Bitcoin by 2030 Amid Shrinking Supply

TL;DRCathie Wood expects Bitcoin to reach between $700,000 and $750,000 by 2030, with a bullish scenario of up to $1.5 million.ARK Invest believes BTC’s limited supply and the gradual entry of institutional investors will drive its price higher.The firm sees emerging markets as an additional engine for BTC adoption as a hedge against currency controls and inflation.Cathie Wood, CEO of ARK Invest, has updated her Bitcoin price forecast for 2030 and remains optimistic about the future of the industry’s leading cryptocurrency.In an interview with CNBC, she stated that Bitcoin still has significant upside potential, driven by an increasingly limited supply and institutional interest that’s just beginning to take shape.According to Wood, her base-case estimate places Bitcoin between $700,000 and $750,000 by the end of this decade, while her most optimistic scenario sees it approaching $1.5 million. This forecast relies on several factors, including the growing adoption of BTC as a store of value alternative to gold and its expanding use in countries with unstable financial systems.One of ARK Invest’s key arguments centers around supply dynamics. Fewer than one million BTC remain to be mined, a factor that will reduce future availability and reinforce its position as a scarce asset. At the same time, Wood pointed out that institutional investors remain cautious but have already started adding BTC to their portfolios.Bitcoin: A Safe Haven for Emerging MarketsBeyond market conditions, Wood discussed the opportunities Bitcoin offers in emerging markets, where currency restrictions and monetary instability are fueling demand for decentralized assets. This factor, combined with growing corporate interest and limited supply, shapes the scenario ARK considers favorable for BTC’s sustained growth.Since January 2025, ARK Invest has operated its own BTC-based exchange-traded fund, the ARK 21Shares Bitcoin ETF (ARKB), holding 48,363 BTC valued at roughly $5 billion. At the time of writing, Bitcoin is trading around $104,300 after a 10.6% gain over the past week, with little change in the last 24 hours. While Wood believes this price reflects a positive trend, she maintains that it’s still far from the levels her team expects by the end of the decade.