Cathie Wood, CEO of ARK Invest, has reaffirmed her prediction that Bitcoin could reach $1 million within five years, driven by the increasing adoption of institutional investors. She sees Bitcoin as a potential replacement for gold in institutional portfolios due to its role as a secure store of value. This bold forecast reflects growing confidence in cryptocurrency markets, influencing financial strategies and regulatory decisions. Wood’s prediction aligns with ARK Invest’s focus on disruptive technologies. The news has spurred renewed interest from institutional investors who see Bitcoin’s potential role as a mainstream asset in retirement plans. Increased market confidence in crypto-assets is being driven by the prospect of more portfolio diversification. This bolsters the narrative that Bitcoin could be considered digital gold. Historical data shows that Bitcoin halvings have often led to price surges, suggesting Bitcoin’s resilience and growth potential. While the timeline remains uncertain, Wood believes Bitcoin’s trajectory aligns with past trends. .