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Bitcoin 'Super Bullish' Theory Presented in CNBC Interview
"Could Reach Up to $1.5 Million per 1 BTC"

Cash Wood, CEO of the US investment asset management firm ARK Invest, is drawing attention by advocating a "super bullish" stance on Bitcoin.

In a recent interview with the US financial media CNBC, Wood CEO predicted that the Bitcoin rally could continue until 2030. He also claimed, "If you buy Bitcoin now, its price will increase 16 times in six years."

Cathie Wood, CEO of ARK Investment Management. Yonhap News

Behind Wood CEO's Bitcoin optimism lies expectations for regulatory easing. He said that under a second Trump administration, Bitcoin-related regulations could be further relaxed, forecasting that "in a bullish scenario, it could surge up to $1.5 million (about 2.09 billion KRW)."

Currently, ARK Invest's base scenario is $650,000 (about 900 million KRW) by 2030, which is more than seven times the current Bitcoin price. However, in a more optimistic scenario, it could reach up to $1.5 million. The level of Bitcoin's bullish price depends on how pro-Bitcoin the future Trump administration's policies will be.

Bitcoin has recently been showing strong performance day after day due to the 'Trump Trade'.

Meanwhile, Wood CEO's ARK Invest was founded in 2014. ARK primarily invests in technology companies and assets that aim for "disruptive innovation." It is known that ARK has actively invested in virtual assets such as Bitcoin since 2015.

Wood CEO is also a supporter of then President-elect Donald Trump. On the 11th (local time), he posted a video on his X (formerly Twitter) account expressing expectations that "President-elect Trump can inject more powerful vitality into the US economy than former President Ronald Reagan." He predicted that regulatory easing by the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC), along with reduced government spending, would positively impact the expansion of the private sector.

He also highly praised the so-called "Department of Government Efficiency" led by Tesla CEO Elon Musk and Dogecoin (DOGE). Wood CEO emphasized, "Now, the US deficit will decrease because growth will support it."

He added, "(Currently) government inefficiency is severe, but I believe Musk will find ways to reduce government debt relative to GDP and eliminate waste through workforce reductions and improvements in technological productivity."