Cathie Wood, the popular fund manager of ARK Invest, is known for making outsized bets on companies that she believes will revolutionize the way we live our lives. Spanning industries as diverse as pharmaceuticals and tech, Wood’s picks may be off the mark sometimes, but her conviction on the themes she believes in is undeterred.

That’s why her belief that Bitcoin (BTCUSD), the world’s largest cryptocurrency, can reach $1.25 million per token is worth taking note of. According to the company’s “Big Ideas 2026 Report,” Wood reckons that the market cap for Bitcoin can reach $16 trillion from its current levels of around $2 trillion. Her case rests on the fact that the newer generation will opt for Bitcoin, instead of gold, to…