#BTC Bitcoin's current price is $94,209.31, with a slight decrease of 0.13% in the last 24 hours. Here are some predictions and insights from ARK Investment Management LLC:
- *Bear Case*: $300,000 per bitcoin by 2030, driven by conservative assumptions on adoption and penetration rates.
- *Base Case*: $710,000 per bitcoin by 2030, based on moderate growth and adoption.
- *Bull Case*: $1.5 million per bitcoin by 2030, fueled by aggressive assumptions on institutional investment, emerging market adoption, and bitcoin's role as a store of value.
These predictions are based on various factors, including¹:
- *Institutional Investment*: Potential penetration rates of 1% to 6.5% in the global market portfolio.
- *Digital Gold*: Bitcoin's potential to capture 20% to 60% of gold's market capitalization.
- *Emerging Market Safe Haven*: Potential penetration rates of 0.5% to 6% in emerging markets.
- *Nation-State Treasuries*: Potential penetration rates of 0.5% to 7% in global treasury reserves.
Keep in mind that these predictions are highly speculative and subject to numerous risks and uncertainties. Cryptocurrency markets are known for their volatility, and actual performance may differ significantly from these forecasts.