ARK Invest Maintains Bullish Bitcoin Outlook Amid Market Changes
ARK Invest CEO Cathie Wood has reaffirmed the company's optimistic Bitcoin forecast, projecting a potential price of $1.5 million by 2030 in a “bull market scenario,” according to ChainCatcher.
Key Market Developments
ARK expects approximately $300 billion in liquidity to return to the markets over the next 5–6 weeks following the resolution of the U.S. government shutdown.
The Federal Reserve is scheduled to end quantitative tightening and switch to a quantitative easing policy starting December 1.
These changes are likely to ease the current liquidity crunch impacting both the cryptocurrency and AI markets.
Bitcoin’s Safe-Haven Role
While the growth of stablecoins has somewhat reduced Bitcoin’s role as a safe-haven asset, the unexpected rise in gold prices has counterbalanced this effect. This has allowed ARK Invest to maintain its bullish stance on Bitcoin. $BTC
Takeaway
ARK Invest continues to show confidence in Bitcoin’s long-term potential despite short-term market fluctuations. Investors and enthusiasts should stay informed about market liquidity and global economic policies, as these factors can significantly influence crypto markets.