If Sister Mu Doo is reliable, then IREN should be at least $29.

$Iris Energy(IREN.US)$ At the Bitcoin Investor Day conference in New York on Friday, Wood told host Anthony Pompliano (Anthony Pompliano) that massive institutional adoption and new ETF products mean that under a bull market scenario, the price of Bitcoin could reach $3.8 million.

Earlier, Wood's company shared a Bitcoin outlook report in January and estimated that by 2030, the price of Bitcoin could reach $1.5 million. Bitcoin has risen 44% since this year. It hovered below $64,000 on Friday.

Wood said on Friday: “Last year, we predicted that Bitcoin would reach $1.5 million in a bull market scenario. The SEC gave the agency the green light, and while it's really reluctant, our analysis is that over time, if institutional investors allocate a little more than 5% of their portfolios to Bitcoin, as we think, that alone would increase the forecast I just gave you by $2.3 million.”