$BTC Bitcoin's explosive growth is unstoppable!
ARK Invest Annual Report: Bitcoin demonstrates strong growth potential*
The latest "Big Ideas" report released by ARK Invest predicts that by **2030, Bitcoin could soar to $1.5 million, emphasizing its increasingly important role in the global financial system.
Key developments for Bitcoin in 2024
✅ Record-breaking spot ETF - Bitcoin ETF raised over $4 billion on its first day of trading, far surpassing the historical performance of gold ETFs.
✅ Scarcity enhanced post-halving - Inflation rate dropped to 0.9%, lower than gold, highlighting its deflationary attributes.
✅ Institutions accelerating positions - 74 publicly listed companies hold Bitcoin, with total holdings increasing fivefold within a year, reaching $55 billion.
✅ Market resilience highlighted - Despite the German government selling 50,000 BTC and Mt. Gox releasing 109,000 BTC, Bitcoin rose from $53,000 to $68,000.
✅ On-chain activity increased - Runes protocol drove trading volume to new highs, and miner hash rates also reached historical peaks, showing long-term confidence.
ARK believes that Bitcoin is evolving from a high-risk asset to an institutional-grade store of value, with significant growth potential in the future.
