From Nasdaq:

Bitcoin reached a major milestone, surpassing $50,000 for the first time since December 2021. It has gained 120% over the past year and could continue to rise with the approval of spot Bitcoin exchange-traded funds. Ark Invest has proposed a bull-case price target of $1.48 million by 2030, implying 2,860% upside from its current price. Bitcoin has outperformed other major asset classes over the last five years, returning 1,140% between January 2019 and January 2024 compared to 14.3% annually for the S&P 500.

The next major catalyst for Bitcoin is the Bitcoin halving event in April, which will reduce mining rewards and boost demand. The recent approval of spot Bitcoin ETFs by the SEC could also significantly increase demand for the cryptocurrency, potentially driving its price higher. Ark Invest believes that these catalysts will drive Bitcoin much higher in the coming years, and has outlined three distinct price targets for 2030: a bear case of $258,500, a base case of $682,800, and a bull case of $1.48 million. Lastly, consider investing in Bitcoin, while it has been an excellent investment it is also volatile and the cryptocurrency market is rife with regulatory uncertainty. It is worth considering an initial exposure to 5% at most.



Read more: 1 Superior Cryptocurrency to Buy Before It Soars 2,860%, According to Cathie Wood’s Ark Invest