"Bitcoin to Surge 10-Fold by 2030" - Why 'Donnamu Sister' Cathie Wood Predicts a Sharp Rise

Digital Asset Market Cap, Including Altcoins, Expected to Grow Alongside Bitcoin
"Accelerated Institutional Adoption and Gold Market Absorption Expected"

Cash Wood, CEO of Ark Invest, who is known among Korean investors as the so-called 'Donnamu Sister,' predicted that Bitcoin's market capitalization will surge more than tenfold.

Cathie Wood, CEO of ARK Invest, known as the so-called "Money Tree Sister." Photo by Yonhap News

On the 1st (local time), Ark Invest stated in its annual research report, "Big Ideas," that Bitcoin's current market capitalization of 1.5 trillion dollars (approximately 2,213 trillion won) is expected to soar to 16 trillion dollars (about 23,600 trillion won) by 2030, which is four years from now.

Ark Invest explained that this more than tenfold growth in Bitcoin will be driven by the accelerated adoption of Bitcoin by institutional investors and the evolution of Bitcoin into an asset class being incorporated into global investment portfolios.

In particular, the report estimated that as Bitcoin's popularity rises, the overall digital asset market size could reach around 28 trillion dollars (approximately 41,300 trillion won) during the same period. According to CoinDesk data, the current overall digital asset market size is approximately 2.7 trillion dollars (about 3,983 trillion won), indicating the potential for a significant price increase. Even if all 21 million Bitcoins are assumed to be in circulation by 2030, the value of a single Bitcoin would reach 730,000 dollars (approximately 1.077 billion won).

Cash Wood has maintained an optimistic outlook on Bitcoin for a long time. Last January, Ark Invest suggested a Bitcoin price range for 2030 of 300,000 to 1.5 million dollars (approximately 442.5 million to 2.2125 billion won). In February, she emphasized, "With accelerating technology, Bitcoin is attractive as a hedge against both inflation and deflation."

In fact, institutional holdings of Bitcoin have already been increasing rapidly. According to the report, U.S. exchange-traded funds (ETFs) and listed companies held about 12% of the total Bitcoin supply as of the end of last year, up from around 9% a year earlier. Assuming the value of global portfolios excluding gold is approximately 200 trillion dollars, Ark Invest calculated that even if just 2.5% is allocated to Bitcoin, this could add about 5 trillion dollars (approximately 7,375 trillion won) to the total value.

In the past, Bitcoin was regarded as a speculative asset, but it is now being considered a reserve asset alongside 'digital gold,' a macroeconomic hedge, and a traditional store of value. Accordingly, Ark Invest believes Bitcoin could serve as a substitute for the gold market and forecasted that Bitcoin could absorb about 40% of the gold market's current value, which exceeds 24 trillion dollars (about 35,400 trillion won).

Additionally, the report projected that even if Bitcoin penetrates just 0.5% of the 68 trillion dollar currency-based market, this could lead to an increase in value of around 33.9 billion dollars (about 50.025 trillion won). Ark Invest also noted that expanded allocation in national and corporate financial assets could each add demand in the hundreds of billions of dollars.

This content was produced with the assistance of AI translation services.