Cathie Wood, founder and CEO of ARK Investment Management, remains extremely optimistic about the future of Bitcoin. She predicts that the flagship cryptocurrency is destined to reach new heights. However, Wood admits that Bitcoin’s path to a staggering $1 million per coin will be long and challenging, but BTC will overcome all obstacles and extend its bullish run to new peaks.

A recent surge to $108,000 has only fueled optimism about Bitcoin’s potential. Wood notes that the first cryptocurrency is "becoming even more scarce than gold." "The difference between gold and Bitcoin is, when the gold price goes up, as it has, production goes up, the rate of increase in the supply goes up—that can not happen with Bitcoin," she said, emphasizing Bitcoin's unique scarcity.

Looking ahead to 2025, Wood expects the digital currency to gain value, driven by the liberal policies of the incoming US president, Donald Trump. Another crucial factor contributing to Bitcoin’s potential rise is the asset’s fixed supply of 21 million coins, of which more than 19.5 million have already been mined.

Wood also sees growing corporate demand for innovative crypto startups as a major driver for Bitcoin. This bullish scenario is possible if the US Federal Trade Commission does not block mergers and acquisitions within the crypto space. The founder of ARK believes that removing these barriers could unleash corporate demand and open up new opportunities for investment funds to profit from digital assets.

In a recent report, analysts at Grayscale, a leading crypto asset management firm, highlighted the continued strength of Bitcoin’s fundamentals and predicted that the bullish cycle for BTC could extend for several more years.