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Cathie Wood raises Bitcoin forecast to $1.5M, sparking debate with gold advocate Frank Giustra.

Market News
03 Jun 2026
Crypto news
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Cathie Wood of Ark Invest raised her Bitcoin price forecast to a bull-case of $1.5 million by 2030, citing early institutional adoption and Bitcoin's potential as a store of value against currency debasement. This bullish outlook reignited debate with gold supporter Frank Giustra, who dismissed the idea that Bitcoin could reach $1 million, emphasizing his preference for physical gold as a proven store of value. The discussion highlights ongoing tensions between cryptocurrency advocates and traditional gold investors amid Bitcoin's recent price volatility, trading near $67,000 after a pullback from $80,000 due to market pressures. Wood believes institutional investors and younger generations shifting wealth could drive Bitcoin's future growth, while Giustra remains skeptical, favoring gold's stability.

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