The price of Bitcoin could rise to $2.4 million by 2030, according to ARK Invest's new price predictions. ARK Invest now expects the price of Bitcoin to reach $2.4 million by 2030, up from its previous estimate of $1.5 million, indicating a 60% increase. The firm anticipates that Bitcoin will grow at a compound annual growth rate of 72% in the optimistic scenario, with a forecast of $500,000 in a bearish market and $1.2 million in the baseline scenario. Institutional investment, Bitcoin as a hedge, and corporate treasuries diversifying into Bitcoin are key factors driving the bullish forecasts. The ARK Invest asset manager has updated its price predictions for Bitcoin (BTC) for 2030, now expecting 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 comes after the firm's previous forecast of $1.5 million. The 60% increase reflects optimism about Bitcoin's potential. Will Bitcoin rise by 2,400% by 2030? $BTC $ETH