ARK Invest Projects $BTC Could Soar to $2.4 Million by 2030 in Most Bullish Scenario
ARK Invest has significantly raised its long-term price projection for $BTC , suggesting the leading cryptocurrency could hit as high as $2.4 million by 2030 under its most optimistic outlook. This marks a notable jump from its earlier forecast of $1.5 million.
The revised estimate was published in ARK’s latest Bitcoin Monthly Report, where the investment firm outlined three potential trajectories for Bitcoin’s price: a bear case of $250,000, a base case of $680,000, and the aforementioned bull case.
ARK attributes the upward revision to several evolving dynamics in the crypto space, including a growing pace of institutional and sovereign adoption, as well as improvements in the Bitcoin network’s ability to handle transaction settlements. These factors have led to adjustments in ARK’s modeling assumptions, reflecting a more aggressive stance on Bitcoin’s future potential.