From Cointelegraph

April 24, 2025 10:15 PM:

ARK Invest raises its “bull case” Bitcoin price target to $2.4 million by 2030, citing institutional investors and Bitcoin’s role as “digital gold.” The new bear and base targets are $500,000 and $1.2 million respectively, based on Bitcoin’s total addressable market, penetration rate, and supply schedule.

In a best-case scenario, Bitcoin could achieve a 6.5% penetration rate into the $200 trillion financial market, excluding gold. It is estimated to capture up to 60% of gold’s $18 trillion market cap by 2030. Bitcoin’s use as a “safe haven” in emerging markets is also a significant factor in the price prediction.

ARK’s $2.4 million Bitcoin price tag would push its market cap to $49.2 trillion by 2030, potentially surpassing the combined GDP of the US and China. This valuation could position Bitcoin to overtake gold as the world’s largest asset, which currently has a market cap of $22.5 trillion.

Even the bear and base targets of $500,000 and $1.2 million require Bitcoin to achieve annual growth rates of 32% and 53% respectively by 2030. Bitcoin recently rebounded from a low of $75,160 to around $94,000, while the Trump administration established a Strategic Bitcoin Reserve.

Read more at Cointelegraph: ARK Invest ups its 2030 Bitcoin bull case prediction to $2.4M