ARK Invest Lifts Bitcoin Bull Case To $2.4M by 2030, Citing Surging Institutional Demand
Fund manager ARK Invest raised its most optimistic Bitcoin price prediction to $2.4 million by 2030—up from $1.5 million previously—citing accelerating institutional adoption as a key driver. ARK analyst David Puell detailed the updated forecast in an April 24 report, also raising the firm’s bear and base case targets to $500,000 and $1.2 million, respectively. Each scenario reflects growing confidence in Bitcoin’s integration into the traditional financial system. In the bull case, Puell projects Bitcoin could capture 6.5% of the $200 trillion global financial market, driven by its increasing appeal as both a store of value and a macro hedge. He also sees BTC potentially taking 60% of gold’s $18 trillion market cap as it becomes widely accepted as “digital gold.” Bitcoin Supply On Exchanges Drops To Lowest Level In Over 6 Years Supporting the narrative of accelerating institutional adoption, Fidelity Digital Assets noted in an April 24 post...