ARK Invest Details Potential for Bitcoin to Reach $1.5 Million Value by 2030

ARK Invest, under the leadership of Cathie Wood, has updated its Bitcoin price predictions for 2030, increasing its most optimistic forecast to $2.4 million. The report also raised the minimum and base case scenarios to $500,000 and $1.2 million, respectively.

These updates follow a previous revision in February. The projections are based on assumptions about total addressable markets and Bitcoin adoption rates. Institutional investment is seen as a major factor in these bullish predictions, with Bitcoin potentially capturing 6.5% of a supposed $200 trillion global investment portfolio market by 2030. In more cautious scenarios, Bitcoin still maintains a strong long-term outlook.

ARK also identified Bitcoin's potential as a hedge against inflation in emerging markets and the increasing acceptance in the corporate world as factors that could further enhance its value.