ARK Invest’s founder and CEO, Cathie Wood, reiterated her long-term optimism for Bitcoin in the November edition of the *In the Know* podcast. Despite recent market fluctuations, she confirmed that her $1 million price projection for Bitcoin remains unchanged.
Wood pointed to the rapid expansion of stablecoins, whose combined value has now exceeded $300 billion, as evidence of a major evolution within the digital asset sector. She explained that while the rise of stablecoins could moderate Bitcoin’s short-term performance, their success reinforces the overall credibility and maturity of the crypto ecosystem.
### Bitcoin vs. Gold: $1 Million Prediction
Comparing Bitcoin’s trajectory to that of gold, Wood remarked that the precious metal’s market value has roughly doubled in recent years. She suggested that Bitcoin has the potential to match or even surpass half of gold’s market capitalization, which supports ARK Invest’s continued positive stance.
Wood also acknowledged that current liquidity pressures are weighing on the digital asset market but anticipates conditions to improve around mid-December, following updates from the Federal Reserve and new U.S. employment figures.
She concluded that Bitcoin’s status as “digital gold” is strengthening amid growing institutional involvement and a stabilizing macroeconomic environment. Wood believes these factors will lay the groundwork for another phase of growth heading into 2026.
### Long-Term Outlook and Market Insights
Earlier, Wood reaffirmed her optimistic outlook on Bitcoin, predicting a base price of $650,000 by 2030, with the possibility of reaching as high as $1.5 million under more favorable circumstances.
A prominent advocate for Bitcoin who began investing in the cryptocurrency in 2015, Wood attributes her confidence to two primary factors driving its growth.
This past week, BTC fell below the $100,000 mark for the first time since June 22. However, Bitcoin’s price action has now begun to show early indications of stability. With renewed spot demand close to the $100,000 psychological level—where buyers have continuously reappeared—the market is currently leaning neutral-to-slightly bullish.
—
Cathie Wood’s insights emphasize her belief in Bitcoin’s significant long-term potential, supported by evolving market dynamics and increasing institutional participation. As the cryptocurrency ecosystem matures, investors will be watching closely for the next phase of Bitcoin’s growth.
https://bitcoinethereumnews.com/bitcoin/cathie-wood-very-bullish-on-bitcoin-as-crypto-stablecoins-hit-300-billion/
