Odaily Planet Daily News: ARK Invest raised its bull market expectations for Bitcoin prices in 2030 in its latest "Bitcoin Monthly Report", with the highest forecast reaching US$2.4 million. The valuation was based on its “bold modelling assumptions” and represented a significant increase from its previous expectations of $1.5 million. In the report, ARK also gave forecast paths for the base case (base valuation of US$680,000) and the bear market scenario (US$250,000). The analysis points out that key factors such as institutional adoption rate, sovereign state adoption and the settlement capacity of the Bitcoin network are the main reasons driving the adjustment of its model parameters. (The Block)