ARK Maintains Bitcoin Target of $1.5 Million Despite Market Rebound

Crypto markets rallied this week, reversing a four-week downturn, fueled by renewed optimism surrounding U.S. monetary policy and increased liquidity. Bitcoin crossed the $90,000 mark, providing a boost to traders and investors alike. Industry leader Cathie Wood reaffirmed her bullish outlook on Bitcoin, maintaining a target of $1.5 million by 2030 despite recent market fluctuations. This optimism aligns with expectations for a decrease in interest rates, driven by the anticipated end of quantitative tightening. The rebound is further attributed to increased liquidity following the U.S. government shutdown’s resolution, according to ARK Invest.