Cathie Wood Predicts Bitcoin Could Reach $1.5 Million by 2030 as Institutional Interest Grows
February 12, 2025 – In a bold announcement during a recent interview, Cathie Wood, CEO of ARK Invest, stated that Bitcoin could potentially reach $1.5 million per coin by 2030. This optimistic forecast comes amid increasing interest from institutional investors in cryptocurrency.
Bitcoin, which has been trading below the critical $100,000 mark since February 4, has experienced some pressure on its market value due to escalating global trade tensions following newly imposed tariffs by the United States and China. Despite this short-term slump, Wood expressed a belief that the likelihood of Bitcoin achieving her predicted target has improved.
In a video published on February 11, Wood emphasized, “Many people know us for our [Bitcoin] bull case, $1.5 million,” noting that institutional adoption is key to this optimistic projection. “We actually think the odds have gone up that our bull case will be the right number, because of what is becoming the institutionalization of this new asset class,” she added.
Wood further elaborated on the evolving landscape, indicating that a growing number of institutional investors are beginning to recognize the differentiated risk and return profile that Bitcoin offers compared to more traditional assets in their portfolios. For Bitcoin to reach the projected $1.5 million mark by 2030, it would need to realize an average compound annual growth rate (CAGR) of 58% over the next five years.
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Franklin Templeton Files for Possible Solana ETF
In other news from the crypto sector, Franklin Templeton has taken a significant step towards the potential launch of a Solana exchange-traded fund (ETF) by registering a new trust, dubbed the “Franklin Solana Trust,” in Delaware.
The filing, submitted on February 10, indicates the asset management firm’s intentions to possibly introduce a spot Solana (SOL) ETF in the US market. Documents filed with Delaware’s corporate regulator reveal that the CSC Delaware Trust Company was instrumental in establishing the trust, a firm known for creating crypto trust products for various asset managers, including Bitwise.
To move forward with the proposed ETF, Franklin Templeton still needs to submit additional filings, specifically a Form 19b-4 and a Form S-1, to the Securities and Exchange Commission (SEC). If approved, the fund would join a competitive landscape that already includes offerings from Grayscale, Bitwise, VanEck, 21Shares, and Canary Capital, all vying for a place in the growing cryptocurrency sector.
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SEC Seeks Extension for Crypto Enforcement Cases
The US Securities and Exchange Commission (SEC) is seeking additional time to address pending enforcement cases against cryptocurrency firms, as suggested by its newly established crypto task force.
On February 10, the SEC filed a motion in the US District Court for the Northern District of Illinois, requesting a delay in its response to a motion to dismiss one of its crypto enforcement cases. The SEC seeks to extend the deadline from February 19 to March 21. This request is predicated on the need for the task force to possibly influence how the agency proceeds in legal matters concerning cryptocurrencies.
“[…] the SEC believes that an enlargement of time is appropriate and will allow the parties to explore a potential resolution of this matter while conserving judicial resources,” the commission stated in its filing.
As the crypto market continues to evolve, both institutional adoption and regulatory clarity will be key factors in shaping the future landscape of digital assets.
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