Wood: Bitcoin Pure Crypto, $1.5M by 2030, Warns on Ethereum
ARK Invest CEO Cathie Wood reiterated her conviction in Bitcoin as the leading pure cryptocurrency, citing its unbreached Layer-1 security and rules-based monetary model. Speaking on The Master Investor podcast, she forecast Bitcoin reaching $1.5 million by 2030 and noted ARK’s ARK 21Shares Bitcoin ETF holds 43,799 BTC (~$4.91 billion). Wood cautioned that Ethereum could lose network activity and fees to emerging Layer-2 solutions like Coinbase’s Base, even as she praised Ethereum’s pivotal role in DeFi and its shift towards zero-knowledge scaling. She also highlighted on-chain protocols Uniswap and Hyperliquid as promising. Wood maintains her top picks—Bitcoin, Ethereum and Solana—underscoring a balanced outlook that may guide traders towards Bitcoin’s security and growth potential while monitoring Ethereum’s evolving ecosystem.
Bullish
Her reaffirmation of Bitcoin’s unmatched Layer-1 security, large holdings by ARK Invest and a bold $1.5M price forecast are likely to strengthen bullish sentiment, driving short-term buying interest and reinforcing long-term confidence in Bitcoin’s value. While caution on Ethereum’s Layer-2 competition may temper ETH momentum, traders are expected to focus on Bitcoin’s stability and potential growth.