Cathie Wood's Ark Invest says bitcoin could hit $1.5 million by 2030, doubling down on its bullishness for the world's largest cryptocurrency

• Ark Invest said bitcoin could hit nearly $1.5 million by 2030, a 6,326% increase from its current price.
• Bitcoin is off 65% from its record high amid a lengthy crypto bear market. 
• The famed money manager predicted bitcoin will scale unto a "multi-trillion dollar market," per a recent report. 

Cathie Wood's Ark Investment Management said bitcoin could hit $1.48 million by 2030, a 6,326% increase from its current price.

That's under its bull-case scenario, while its base case sees bitcoin reaching $682,800 by that time. The crypto is currently trading flat at $23,031 on Wednesday, according to Messari.