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Bitcoin Surges Ark Invests Bullish Prediction

Ark Invest Predicts Bitcoin Could Reach $2.4 Million by 2030

  • Ark Invest forecasts a potential Bitcoin price of $2.4 million per coin by 2030.
  • The firm’s bear case predicts a minimum price of $500,000 within five years.
  • The updated prediction uses total addressable markets and penetration rate assumptions.
  • 40% of Bitcoin’s supply is considered “vaulted,” impacting price predictions.
  • Bitcoin topped $95,000 recently but remains below its all-time high of nearly $109,000.

Ark Invest’s latest report projects Bitcoin could reach up to $2.4 million per coin by 2030, with a worst-case scenario of $500,000 in the next five years, based on new modeling that accounts for active supply and network liveliness.

Source (2.6)https://decrypt.co/316463/cathie-wood-ark-invest-bullish-bitcoin-prediction?rand=52368
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