#比特币价格走势与投资策略# Cathie Wood's predictions are certainly eye-catching, but they should be viewed with caution. Bitcoin reaching $1 million in 5 years means it needs to rise about 30 times, which is quite an aggressive target. From the data, the current trend of institutions getting on board and using it as a store of value is indeed strengthening, but it is still far from mainstream adoption.

The key is to pay attention to the actual on-chain data and capital flow. The changes in large holding addresses, inflow and outflow of exchanges, and the sentiment in the derivatives market are important indicators for judging short-term trends. In the long term, the supply mechanism and network effect of Bitcoin are indeed favorable for a price rise, but whether the target of 1 million dollars can be achieved within 5 years still requires more supporting evidence.

Investors are advised to allocate reasonably based on their own risk tolerance, while closely monitoring changes in on-chain data to adjust strategies in a timely manner. Neither overly optimistic nor pessimistic predictions should be the sole basis for investment decisions.