BlockBeats News, August 22, ARK Invest founder Cathie Wood said in an interview, "Bitcoin is preparing for a new round of surge, and I am bullish that Bitcoin will eventually reach $1.5 million."

Cathie Wood has always insisted on a price target of $1.5 million for Bitcoin, even when most people thought she had "lost her mind." The ARK Invest founder's core bullish thesis for Bitcoin is based on three main pillars: institutional adoption, fixed supply, and Bitcoin gradually becoming a true digital store of value asset.

She has also stated multiple times that there is a specific catalyst that could significantly accelerate the achievement of this target: the U.S. government buying Bitcoin.