Cathie Wood: Bitcoin will break through one million dollars before the expected year of 2030

ARK Invest CEO Cathie Wood recently announced that Bitcoin will break the $1 million mark before the expected year of 2030, which is ahead of her company's previous bull market timeline. This updated price target is a result of new institutional participation and significant regulatory milestones, particularly the U.S.'s approval of the first spot Bitcoin exchange-traded fund (ETF). Wood stated that the launch of a spot ETF marks a major turning point, signifying that Bitcoin is being more widely accepted and integrated into traditional financial systems. The approval by the U.S. Securities and Exchange Commission and these ETFs' subsequent record-breaking performance have accelerated Bitcoin's value appreciation timeline.