The price of Bitcoin could rise to $2.4 million by 2030, according to new price predictions from ARK Invest
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ARK Invest asset manager has updated its Bitcoin price predictions for 2030, now forecasting a bullish scenario where the price of the cryptocurrency could reach $2.4 million per coin. This represents a potential increase of over 2,400% from the current price of BTC.
The update follows the company's previous prediction of $1.5 million. The 60% increase reflects optimism about Bitcoin's potential.
Will Bitcoin rise by 2,400% by 2030?
According to the latest report, ARK Invest expects Bitcoin to experience a compound annual growth rate (CAGR) of 72% in the bullish scenario. Research analyst David Boyle also revealed the updated Bitcoin price predictions in bearish scenarios.