Bitcoin to $2.4M? Ark Invest’s Bombshell 2030 Price Target Sparks Debate
Ark Invest just dropped a grenade in the crypto space—predicting Bitcoin could skyrocket to $2.4 million per coin by 2030. That’s not a typo.
Why the audacious forecast? The firm points to institutional adoption, Bitcoin’s hardening role as ‘digital gold,’ and—of course—the classic supply crunch narrative. Cue eye rolls from Wall Street traditionalists still waiting for the ‘tulip mania’ collapse.
But here’s the kicker: even if Ark’s prediction overshoots by 90%, Bitcoin would still 10x from current levels. Suddenly those ‘conservative’ $100K year-end price targets look quaint.
One thing’s certain—whether you’re a true believer or a skeptic, this forecast ensures Bitcoin’s volatility won’t be boring. And honestly, after years of ‘number go up’ theater, what’s another zero between friends?
Source: Proactive Investors
Ark Invests Projects Bitcoin to Reach New Heights In the Next Five Years
It has been a rather interesting year for Bitcoin so far. Although the price had struggled mightily in the first three months, things are starting to turn around. With BlackRock ramping up purchasing this week, the asset has settled around the $94,000 mark.
That is expected to just be the start of its price potential, however. The US has embraced a shift toward pro-crypto regulations that should benefit the entire industry. Moreover, Ark Invest has recently shared an increasingly optimistic outlook for Bitcoin, projecting it to reach a $2.4 million price by 2030.
In a report issued this week by analyst David Puell, the bull-case price target was increased from its previous $1.5 million projection. The new update utilized the firm’s newest experimental model. Specifically, it factors in the asset liquidity supply through the discounting of lost or long-held tokens.
The bull-case projection is based on a compound annual growth rate (CAGR) of more than 70% from the end of last year and over the next five years. Puell described the new model as “aggressive” in comparison to its past methods. Additionally, it projects the bear case price estimate for Bitcoin to sit at $500,000. Moreover, its base case BTC price is at $1.2 million, at a 53% CAGR.
