ARK Invest: Bitcoin Will Hit $2.4M by 2030
ARK Invest, led by Cathie Wood, has increased its long-term Bitcoin price prediction, suggesting it could reach up to $2.4 million by 2030.
In the report dated April 24, ARK presents three scenarios for Bitcoin’s price by the decade’s end: a bearish case at $300,000, a base case at $710,000, and a bullish scenario exceeding $1.5 million.
In an even more optimistic projection, accounting for dormant and lost supply, Bitcoin could hit $2.4 million if its on-chain financial services grow at an annual rate of 60%.
ARK’s valuation model considers the total capital accrued by decade’s end from six key sources: national reserves, corporate treasuries, digital gold positioning, institutional investment, adoption in emerging markets, and Bitcoin-driven financial services.
