ARK Invest CEO increased her own forecasts for the cost of military equipment by 2030 — Wood expects 5900% growth

Katie Wood, founder and CEO of investment management company Ark Invest, has increased her optimistic forecast of bitcoin’s value — from now on, Wood expects BTC $60,780.47 Bitcoin -1.42% Market capitalization $1.2 trillion VOL. 24 hours $1.44 billion to grow by 5900% by 2030. The head of Ark Invest shared her vision in an interview with Bloomberg.

Back on November 4, Wood stated that the flagship cryptocurrency would grow by 4600% by 2030, but now, even after the collapse of the entire crypto market, the analyst’s forecasts are even more positive. In a conversation with journalists, Katie Wood emphasized that bitcoin will emerge from the market downturn «smelling like a rose» — once again strengthening its position. The ARK Invest CEO is convinced that «over time, large investors will realize the power of cryptocurrencies» and start investing in bitcoin and ethereum, but it will take time.

«Let's analyze the Bitcoin and Ethereum blockchains. Bitcoin’s hashrate is at a record high, which is a real indicator of the network’s security. We also see that the total value of Ethereum is $ 24 billion. This is an all-time record. That’swhy I am convinced that the crypto infrastructure is working perfectly,» emphasized Katie Wood.

As for Wood’s other statements, in October, she said that the flagship cryptocurrency could become a more valuable asset than most fiat currencies, including the US dollar. The expert said that when bitcoin was worth only $ 250, she asked renowned economist Art Laffer to study the Bitcoin White Paper. Wood wanted to consult with other professional analysts and determine whether BTC could fulfill the role of fiat money, i.e., be a means of saving and a unit of account.

In the course of his research, Laffer discovered that bitcoin has the potential to be an asset that supports the value of the US dollar. «I've been looking for a similar asset since we abandoned the gold standard. Bitcoin is a monetary system based on clear and strict rules. Bitcoin is as powerful as the entire US monetary system,» Laffer explained at the time.