ARK Invest CEO Cathie Wood has reiterated the firm’s long-term bullish outlook for Bitcoin, maintaining a $1.5 million price target for 2030 even as recent market volatility shakes investor confidence.
Liquidity returns to markets
Since the conclusion of the prolonged U.S. government shutdown, roughly $70 billion in liquidity has flowed back into financial markets, according to ARK Invest.
The investment firm expects another $300 billion to be injected over the coming five to six weeks as the Treasury General Account normalizes.
This anticipated increase in liquidity, coupled with the expected end of quantitative tightening (QT) by the U.S. Federal Reserve on December 1, could create more favorable conditions for both equities and bitcoin, according to ARK Invest.
easing the liquidity squeeze
Cathie Wood addressed the recent “liquidity squeeze” in the bitcoin and artificial intelligence markets, suggesting that the trend may reverse in the near future.
In a statement shared during a Monday webinar, Wood explained:
“So net, our bull price, which most people focus on, really hasn’t changed.”
She noted that while stablecoins have taken on some roles previously attributed to bitcoin, the appreciation in gold prices has exceeded expectations, balancing the firm’s outlook.
ARK’s price targets and market sentiment
ARK Invest’s April forecast set a base case target of $300,000 and a bull case at $1.5 million for bitcoin by 2030.
Despite the recent corrections, these targets remain intact.
Other well-known market figures, such as Arthur Hayes, have also predicted significant price rallies for bitcoin if the Federal Reserve shifts toward quantitative easing, echoing ARK’s optimistic scenario.
Key resistance for bitcoin
According to Iliya Kalchev, dispatch analyst at Nexo, bitcoin must reclaim the $92,000 level before the market can see broader recovery momentum.
