Cathie Wood, CEO of ARK Invest, believes that the positive scenario will continue for Bitcoin (BTC).

Speaking on CNBC's Squawk Box program on November 15, Cathie Wood reminded that ARK Invest was the first public asset management company to invest in Bitcoin at $250 in 2015, saying, "We are at $90,000 and still think we have a long way to go."

“Bitcoin is seen as a new asset class”

Wood said that Bitcoin is no longer just a global currency system, but is also considered a new asset class. ARK Invest's CEO reiterated our price forecast for the next five years, stating that in our base scenario, we see the price of Bitcoin at around $650,000 by 2030, and in our bull scenario, between 1 and 1.5 million dollars.

On November 16, Wood noted that Bitcoin is in a strong position based on onchain data. He also emphasized that Bitcoin's supply growth has dropped to 0.9% after the halving event in April, which is the first time it has fallen below the long-term supply growth rate of gold.

In a video released on the X platform on November 11, Wood stated that the "halt" of financial regulators such as the U.S. Securities and Exchange Commission (SEC) and the focus on technological innovations such as artificial intelligence and digital assets would "accelerate" the U.S. economy.

Cathie Wood, who sees the future of BTC as quite positive, has given hope to crypto investors. Meanwhile, a large portion of investors are expecting the decline of BTC dominance to mark the beginning of an altcoin rally.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.