ARK Invest founder Cathie Wood reiterated her ultra-bullish outlook for Bitcoin, telling interviewers that the firm is growing "increasingly confident" the token will reach about $1.5 million in the next five years and could climb to roughly $2.4 million by 2030. Wood cited accelerating institutional adoption, Bitcoin’s fixed supply and the broader tokenisation of financial markets as the main drivers for the forecast. The remarks came as Bitcoin trades near $120,000, a record high. Wood said a looming supply squeeze, heightened by the cryptocurrency’s recent halving, sets the stage for additional price discovery as institutions look for a digital store of value alongside gold. Echoing that view, Twenty One Capital chief executive Jack Mallers told Bloomberg Television that his new digital-asset investment company is buying only Bitcoin, arguing scarce supply and robust demand will push the price “well past” $150,000. Mallers said the current float is already insufficient to meet orders above $120,000, forcing buyers to bid higher. ARK Invest is also adding to ancillary crypto holdings, purchasing 477,498 shares of crypto-mining hardware maker Bitmine (BMNR) on 29 July after buying 4.4 million shares the prior week. Wood’s investment activity underscores her conviction that the digital-asset sector will continue to outpace traditional markets.