{"id":127923,"date":"2025-04-25T03:15:30","date_gmt":"2025-04-25T03:15:30","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127923"},"modified":"2025-04-25T03:15:30","modified_gmt":"2025-04-25T03:15:30","slug":"ark-invest-ups-its-2030-bitcoin-bull-case-prediction-to-2-4m","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127923","title":{"rendered":"ARK Invest ups its 2030 Bitcoin bull case prediction to $2.4M"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBillion-dollar asset manager ARK Invest has raised its \u201cbull case\u201d Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, driven largely by institutional investors and Bitcoin\u2019s increasing acceptance as \u201cdigital gold.\u201d<br \/>\nARK\u2019s \u201cbear\u201d and \u201cbase\u201d case scenarios for the price of Bitcoin (BTC) were also bumped up to $500,000 and $1.2 million, ARK research analyst David Puell said in an April 24 report.<br \/>\nThe new bear and base targets were bumped up from ARK\u2019s $300,000 and $710,000 Bitcoin price predictions on Feb. 11.<br \/>\nARK\u2019s price projections were modeled on Bitcoin\u2019s total addressable market (TAM), penetration rate \u2014 the percentage of Bitcoin\u2019s TAM that it could capture in certain cases \u2014 and Bitcoin\u2019s supply schedule.<br \/>\nARK\u2019s bear, base and bull case price targets for Bitcoin by Dec. 31, 2030. Source: ARK Invest\u201cInstitutional investment contributes the most to our bull case,\u201d said Puell, who estimated that Bitcoin would achieve a 6.5% penetration rate into the $200 trillion financial market in a best-case scenario (that figure excludes gold).<br \/>\nBitcoin\u2019s acceptance as \u201cdigital gold\u201d was also a major contributor to the lofty estimate, with Puell estimating that it could capture up to 60% of gold\u2019s $18 trillion market cap (2024 figures) by the end of 2030 in a bull scenario.<br \/>\nBitcoin becoming a \u201csafe haven\u201d in emerging markets was the third-largest contributor to ARK\u2019s $2.4 million bull case prediction at 13.5%.<br \/>\n\u201cThis Bitcoin use case has the greatest potential for capital accrual,\u201d Puell said, pointing to Bitcoin\u2019s ability to protect wealth from inflation and devaluation in developing countries.Nation-state and corporate Bitcoin treasury strategies and Bitcoin financial services were also factored into ARK\u2019s Bitcoin price projections.<br \/>\nBitcoin use cases contributing to ARK\u2019s Bitcoin price targets. Source: ARK InvestARK\u2019s Bitcoin predictions are bold<br \/>\nA $2.4 million Bitcoin price tag would send Bitcoin\u2019s market cap to $49.2 trillion, assuming that Bitcoin\u2019s total supply will have reached 20.5 million by the end of 2030.<br \/>\nA $49.2 trillion valuation would be almost larger than the current gross domestic products of the US and China combined.<br \/>\nIt would also put Bitcoin in a good position to overtake gold as the world\u2019s largest asset, which currently boasts a market cap of $22.5 trillion.<br \/>\nRelated: Cathie Wood to kick off El Salvador\u2019s AI public education program<br \/>\nEven ARK\u2019s bear and base targets of $500,000 and $1.2 million would mean Bitcoin needs to increase at a compounded annual growth rate of 32% and 53% by the end of 2030 \u2014 a return that isn\u2019t achieved too often for assets that have already notched trillion-dollar valuations.<br \/>\nSince then, Bitcoin has recovered from a 2025 low of $75,160, soaring back up to the $94,000 range, while the Trump administration established a Strategic Bitcoin Reserve.<br \/>\nMagazine: Ethereum maxis should become \u2018assholes\u2019 to win TradFi tokenization race<a href=\"https:\/\/cointelegraph.com\/news\/ark-invest-predicts-bitcoin-could-rise-to-over-2-million-by-2030?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBillion-dollar asset manager ARK Invest has raised its \u201cbull case\u201d Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, driven largely by institutional&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127923"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127923"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127923\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127923"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}