Bitcoin (BTC-USD) price predictions are a hot topic on Wednesday after investors Cathie Wood said the crypto will hit $1 million.
According to Wood, BTC is going to do more than just bounce off its all-time high of $68,789.63. Instead, she is a firm believer that Bitcoin will far outpace that and climb to $1 million per token by 2030.
It should be noted that Wood is not just bullish on Bitcoin with his latest price predictions. She thinks crypto, in general, will recover from this year’s downward slide. Evidence of this includes it increase participation in crypto exchange Coinbase (NASDAQ:PIECE OF MONEY) this month.
What’s behind BTC’s bullish stance?
According to Cathie Wood, the FTX The crash should not prevent investors from taking a stake in the crypto. She notes that many adopters are delaying in light of the recent drama surrounding this exchange. However, she thinks it will be a learning experience for them that could lead to investments in BTC and Ethereum (ETH-USD).
It is worth mentioning that Bitcoin still has a long way to go before it reaches almost $1 million per token. As of this writing, the crypto is trading at $16,420.54. This is a 1.3% increase from the previous 24-hour trading period. BTC trading volume decreased by 12.3% during the same period.
Crypto traders looking for the latest market news will want to keep reading!
We have all the latest crypto news investors need to know! For Wednesday, that includes some lists of cryptos to watch, as well as the worst-case scenario for FTX. You can keep up to date with all of this news at the links below!
More Wednesday Crypto News
As of the date of publication, William White had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.