ARK Invest Releases New Bitcoin (BTC) Report
ARK Invest, the company of famous Bitcoin bull Cathie Wood, has published its new Bitcoin (BTC) report. Accordingly, ARK Invest, which expects a great growth in Bitcoin, revised its forecast upwards and claimed that Bitcoin could reach $2.4 million by 2030.
ARK Invest has raised its Bitcoin price target to $2.4 million by the end of 2030 from $1.5 million, as institutional investors and Bitcoin are increasingly accepted as “digital gold.” At this point, ARK estimated in its report titled “Big Ideas 2025” that the value of Bitcoin could rise between $500,000 and $2.4 million.
ARK, which also announced new bear and floor price targets, revised upwards its February Bitcoin price estimates of $300,000 and $710,000. Accordingly, Bitcoin could reach between $500,000 and $2.4 million by 2030, depending on the bear and bull scenarios. ARK estimates that Bitcoin could reach $500,000 in the worst case scenario, $1.2 million in the basic scenario, and $2.4 million in the bull case.
According to the report by ARK Invest, Bitcoin predictions are based on expected capital inflows from institutional investments, adoption as digital gold, demand from emerging markets as a store of value, allocations by nation-state and corporate treasuries, and the growth of on-chain financial services.
*This is not investment advice.
