According to PANews, ARK Invest has increased its 2030 bull market price target for Bitcoin from $1.5 million to $2.4 million, projecting an annual growth rate of 72%. This forecast considers factors such as institutional investment penetrating 6.5% of global market portfolios, Bitcoin replacing 60% of gold's market value, demand for emerging market hedging, and growth in on-chain financial services. The prediction is based on an adjusted model of Bitcoin's 'active supply.' ARK highlights that most valuation models fail to account for Bitcoin's scarcity and lost supply.
Previously, ARK Investment Management's 'Big Ideas 2025' report estimated Bitcoin's 2030 price targets at approximately $300,000 in a bear market scenario, $710,000 in a baseline scenario, and $1.5 million in a bull market scenario.