$BTC

Bitcoin is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown entity published a white paper under the pseudonym of Satoshi Nakamoto. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation.

In ARK's Big Ideas 2025 report, we updated our bitcoin price targets for 2030, projecting bear, base, and bull cases of ~$300,000,~$710,000, and ~$1.5 million per bitcoin, respectively, as shown below. Source: ARK Investment Management LLC, 2025.