Wood Sees Bitcoin Surging to $1.25 Million by 2031

Cathie Wood, CEO of Ark Invest, has been a long-time advocate for Bitcoin. Her latest estimates suggest that Bitcoin could reach $1.25 million in value within the next five years, representing a staggering 1,490% increase from its current price.

Wood attributes this growth to continued institutional adoption and investors seeking a haven for their wealth. She points out that institutions have been increasingly adding Bitcoin to their portfolios since spot ETFs were launched in 2024, with $102 billion in assets under management collectively.

However, not everyone agrees with Wood's bullish predictions. A skeptical voice cautions that much of the momentum from the launch of Bitcoin ETFs has already run its course and that investors may be shifting their attention to AI stocks instead.