Bitcoin to $1.5M? Trump’s CLARITY Act and BTC Buying Support Puts Cathie Wood Prediction in Focus

Key Takeaways

• Cathie Wood's $1.5 million Bitcoin bull case is back in focus after Trump showed interest in a catalyst she anticipated.

• President Donald Trump urged Congress to pass a "fair version" of the CLARITY Act and said additional US Bitcoin accumulation has been discussed.

• Coinbase CEO Brian Armstrong said the industry was ready to push the bill "across the finish line."

Cathie Wood's prediction that Bitcoin could reach $1.5 million by 2030 has returned to the spotlight after President Donald Trump began talking again about US government accumulation.

Wood, who has predicted Bitcoin will reach $1.5 million, said in January that the Trump administration's purchase of BTC for its Strategic Bitcoin Reserve would be a catalyst for growth. 

At a White House gathering on Wednesday, Aug. 19, Trump left that possibility open while pressing lawmakers to advance the Clarity Act.

Donald Trump Backs CLARITY Act and Floats Additional Bitcoin Accumulation

Trump used the White House meeting to urge the government to pass the now-stalled CLARITY Act.

"Now we need Congress to take the next step by passing the CLARITY Act," Trump said, calling for a "fair version" of the legislation.

The president then went further when a reporter asked whether his administration planned to accumulate sizable amounts of Bitcoin.