The post Ark Invest Raises Bitcoin’s 2030 Price Forecast to $2.4 Million appeared on BitcoinEthereumNews.com.

Ark Invest raises Bitcoin’s 2030 bull-case forecast to $2.4 million, driven by institutional investment and Bitcoin’s digital gold status. Ark also increases bear and base case targets to $500,000 and $1.2 million, signaling strong growth potential. Ark Invest under Cathie Wood has recently boosted its Bitcoin price predictions to $2.4 million for the year 2030 as part of the firm’s bullish outlook. A detailed analytical approach has led to Ark Invest’s increased Bitcoin price prediction from $1.5 million to $2.4 million because institutions continue to amplify their investments while Bitcoin establishes itself as the new digital gold standard. Institutional Investment and Bitcoin’s Role as Digital Gold The updated price projection at Ark results primarily from institutional investment activity. The price increase for Bitcoin will be driven by institutional participation according to Ark research analyst David Puell. Moreover, Puell forecasts that Bitcoin might acquire a 6.5% market share from the $200 trillion financial market, which does not include gold, under optimal conditions. Institutional involvement with Bitcoin as an asset class drives most of this market growth. The business outlook for Ark remains optimistic because Bitcoin demonstrates its transformation from a mere digital currency into “digital gold.” Research by Puell suggests Bitcoin may succeed in gaining 60% of the $18 trillion gold market by 2030.  This shift shows the growing recognition of Bitcoin as a store of value, positioning it as an alternative to traditional assets like gold. Bitcoin as a Safe Haven in Emerging Markets Puell describes BTC utilization in emerging markets as growing among organizations that treat it as digital gold by purchasing cryptocurrency. The decentralized nature, combined with easy entry barriers, attracts people in these markets who wish to protect their wealth against inflation through Bitcoin adoption. Puell estimates Bitcoin will obtain 13.5% of its $2.4 million value assessment…

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Filed under: News - @ April 25, 2025 3:24 pm