Cathie Wood: Bitcoin price is expected to reach $1.5 million by 2030.

BlockBeats reported on July 19th that Cathie Wood, CEO of ARK Invest, stated in an interview with Bloomberg that Bitcoin's price is expected to reach $1.5 million by 2030. According to Cathie Wood, as regional banks go bankrupt and stocks plummet, Bitcoin's price has risen from $19,000 to $30,000. This represents investors "turning to safe assets to avoid risk." In addition, Bitcoin can serve as "insurance" to prevent wealth from being directly or indirectly confiscated. Direct confiscation refers to asset seizure, while indirect confiscation refers to inflation and currency devaluation.