ARK Invest founder Cathie Wood stated in an interview, “Bitcoin is preparing for a new round of surge, and I am bullish on Bitcoin eventually reaching $1.5 million.”

Cathie Wood has consistently maintained her target price of $1.5 million for Bitcoin, even when most people initially thought she had “lost her mind.” The core of this ARK Invest founder’s bullish logic on Bitcoin is primarily based on three pillars: institutional adoption, fixed supply, and Bitcoin gradually becoming a true digital store of value asset. She has also repeatedly mentioned that a specific catalyst could significantly accelerate the realization of this goal: the U.S. government buying Bitcoin.