ARK Invest Maintains Bullish Bitcoin Forecast Amid Economic Shifts

According to ChainCatcher, ARK Invest CEO Cathie Wood has reaffirmed the company's optimistic outlook for Bitcoin, maintaining a target price of $1.5 million by 2030 under a 'bull market scenario.' ARK anticipates that approximately $300 billion in liquidity will return to the market within the next 5-6 weeks following the resolution of the U.S. government shutdown crisis. Additionally, the Federal Reserve plans to end quantitative tightening and shift to a quantitative easing policy on December 1. These developments are expected to alleviate the current 'liquidity crunch' affecting the cryptocurrency and AI markets. Wood noted that while the growth of stablecoins has somewhat diminished Bitcoin's role as a safe-haven asset, the unexpected rise in gold prices has counteracted this effect, allowing ARK's bullish forecast to remain unchanged.