ARK Invest maintains Bitcoin's 2030 target price at $1.5 million, expecting improved liquidity to drive market rebound

According to Cointelegraph, ARK Invest CEO Cathie Wood reiterated the company's optimistic forecast for Bitcoin, maintaining a target price of $1.5 million under the "bull market scenario" for 2030.

ARK expects that as the U.S. government shutdown crisis comes to an end, approximately $300 billion in liquidity will return to the market in the next 5-6 weeks. Coupled with the Federal Reserve's plan to end quantitative tightening and shift to quantitative easing on December 1, these factors will alleviate the current "liquidity crunch" affecting the cryptocurrency and AI markets. Wood stated that although the development of stablecoins has diluted some of Bitcoin's role as a safe-haven asset, the unexpected rise in gold prices has offset this impact, keeping her bullish forecast unchanged.