$1M Bitcoin by 2030: Big names predict massive debt-driven BTC rally

Bitcoin could surpass $1.5 million by 2030 as macro fears, fiat inflation and institutional demand drive bullish long-term forecasts.

Some of the world’s most prominent financial commentators and investment analysts are predicting a long-term Bitcoin rally that could send the asset’s price above $1 million before the end of the decade, driven by rising inflation and mounting global debt.

ARK Invest CEO Cathie Wood said Bitcoin (BTC) could reach $1.5 million by 2030 in her firm’s “Bull Case” forecast. In a Feb. 11 video, Wood said the price would require BTC to grow at a compound annual rate of 58% over the next five years, largely fueled by increased institutional adoption.

Related: Bitcoin hits new all-time high of $109K as trade war tensions ease

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