「Wood Sister」: The radical approach is now to pivot from gold to Bitcoin, with a bullish target price of $1.5 million for Bitcoin by 2030

BlockBeats News, February 3rd, Cathie Wood, CEO of asset management company ARK Invest, recently stated on the podcast "The Rundown" that the current price of gold relative to the M2 money supply has reached a historical high, even surpassing the high inflation period of the 1970s or the Great Depression of the 1930s (which corresponded to extreme currency collapse or hyperinflation). But the current macro environment is the opposite: monetary supply expansion, no economic collapse, ample liquidity → gold has "priced in the worst-case scenario/fear" and is in a phase of "irrational exuberance," likely to experience a pullback. But Bitcoin is different, still in its early stages, "If I were a bold investor, I would choose to switch from gold to Bitcoin now."

Furthermore, Cathie Wood once again emphasized that the optimistic price target for Bitcoin by 2030 is $1.5 million.