Cathie Wood just dropped her $2.4M BTC price target and the thesis is simple: supply shock.
ARK's positioning for a massive squeeze as institutional demand collides with fixed supply. We're talking sovereign wealth funds, pension allocations, and corporate treasuries all competing for 21M coins.
The math is brutal:
- Daily new BTC mined: ~450
- Daily institutional bid: growing exponentially
- Exchange supply: hitting multi-year lows
When the supply crunch hits, price discovery goes parabolic. We've seen this movie before in 2017, 2021... but this cycle has real macro tailwinds.
$2.4M sounds insane until you model out what happens when just 1% of global wealth flows into BTC.
Position accordingly. 🎯