Prominent investor Cathie Wood has reaffirmed her ambitious $1.5 million price projection for Bitcoin, expressing continued confidence in the cryptocurrency’s long-term trajectory. This optimistic outlook emerges as Bitcoin demonstrates renewed strength following a challenging four-week downturn.
The digital asset has successfully rebounded above the critical $89,600 threshold, representing the flow-weighted cost basis for Bitcoin ETF investors. This particular investor segment has emerged as the dominant force behind recent BTC capital inflows, playing a crucial role in market stabilization and recovery.
Market analysts note that surpassing this significant price level indicates growing institutional confidence and suggests potential for sustained upward momentum. The recovery marks an important psychological victory for investors who had weathered the extended bearish period, with ETF holders demonstrating particular resilience throughout the market fluctuation.
Wood’s maintained bullish stance, coupled with the technical breakthrough above key resistance levels, provides renewed optimism for Bitcoin’s medium to long-term performance. The convergence of institutional investment through ETF channels and prominent financial leaders’ confidence creates a compelling narrative for Bitcoin’s evolving role in global finance.
