‘Institutional adoption' is driving Bitcoin, CEO says

• Cathie Wood predicts Bitcoin could reach $1,250,000/BTC in five years (bull case) or $750,000 (base case) due to a 65% compound annual growth rate.
• Key drivers include Bitcoin's appeal as a digital store of value for younger generations, its function as an insurance policy against fiscal/monetary instability, and growing institutional adoption.
• She highlights Bitcoin's low correlation (0.14) with gold and its mathematically metered supply (21 million units, 20 million minted) as key advantages, contrasting it with gold's increasing supply.

ARK Invest CEO Cathie Wood outlines her bullish five-year Bitcoin prediction, citing its role as a digital store of value, an insurance policy in emerging markets, and increasing institutional adoption. She expects Bitcoin to reach $1.25 million in her bull case, driven by its low correlation to other assets and mathematical scarcity compared to gold.