ARK Invest ups its 2030 Bitcoin bull case prediction to $2.4M
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ARK Invest estimates Bitcoin could rise to anywhere between $500,000 and $2.4 million by the end of 2030 as Bitcoin continues to be adopted by institutions and nation-states.
Billion-dollar asset manager ARK Invest has raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, driven largely by institutional investors and Bitcoin’s increasing acceptance as “digital gold.”
ARK’s “bear” and “base” case scenarios for the price of Bitcoin (BTC) were also bumped up to $500,000 and $1.2 million, ARK research analyst David Puell said in an April 24 report.
The new bear and base targets were bumped up from ARK’s $300,000 and $710,000 Bitcoin price predictions on Feb. 11.
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