ARK Invest expects Bitcoin to reach $2.4 million by 2030 in its bullish case forecast
The $1 billion asset manager ARK Invest has significantly raised its price predictions for Bitcoin, forecasting a bullish case target of $2.4 million by the end of 2030. The new estimate reflects increased institutional investment, Bitcoin's adoption as digital gold, and its growing role as a safe-haven asset in emerging economies.
In a new report published on April 24, ARK research analyst David Boyle detailed the firm's revised predictions, which also include a base case target of $1.2 million and a bear case of $500,000. These are significant jumps from ARK's previous estimates of $710,000 (base) and $300,000 (bear) in February 2024.