ARK Invest ups its 2030 Bitcoin bull case prediction to $2.4M

Billion-dollar asset manager ARK Invest has raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, driven largely by institutional investors and Bitcoin’s increasing acceptance as “digital gold.” ARK’s “bear” and “base” case scenarios for the price of Bitcoin ( BTC ) were also bumped up to $500,000 and $1.2 million, ARK research analyst David Puell said in an April 24 report. The new bear and base targets were bumped up from ARK’s $300,000 and $710,000 Bitcoin price predictions on Feb. 11. ARK’s price projections were modeled on Bitcoin’s total addressable market (TAM), penetration rate — the percentage of Bitcoin’s TAM that it could capture in certain cases — and Bitcoin’s supply schedule. ARK’s bear, base and bull case price targets for Bitcoin by Dec. 31, 2030. Source: ARK Invest “Institutional investment contributes the most to our bull case,” said Puell, who estimated that Bitcoin would achieve a 6.5% penetration rate into the $200 trillion financial market in a best-case scenario (that figure excludes gold). Bitcoin’s acceptance as “digital gold” was also a major contributor to the lofty estimate, with Puell estimating that it could capture up to 60% of gold’s $18 trillion market cap (2024 figures) by the end of 2030 in a bull scenario. Bitcoin becoming a “safe haven” in emerging markets was the third-largest contributor to ARK’s $2.4 million bull case prediction at 13.5%. “This Bitcoin use case has the greatest potential for capital accrual,” Puell said, pointing to Bitcoin’s ability to protect wealth from inflation and devaluation in developing countries. Nation-state and corporate Bitcoin treasury strategies and Bitcoin financial services were also factored into ARK’s Bitcoin price projections. Bitcoin use cases contributing to ARK’s Bitcoin price targets. Source: ARK Invest ARK’s Bitcoin predictions are bold A $2.4 million Bitcoin price tag would send Bitcoin’s market cap to $49.2 trillion, assuming that Bitcoin’s total supply will have reached 20.5 million by the end of 2030. A $49.2 trillion valuation would be almost larger than the current gross domestic products of the US and China combined. It would also put Bitcoin in a good position to overtake gold as the world’s largest asset, which currently boasts a market cap of $22.5 trillion. Related: Cathie Wood to kick off El Salvador’s AI public education program Even ARK’s bear and base targets of $500,000 and $1.2 million would mean Bitcoin needs to increase at a compounded annual growth rate of 32% and 53% by the end of 2030 — a return that isn’t achieved too often for assets that have already notched trillion-dollar valuations. Since then, Bitcoin has recovered from a 2025 low of $75,160, soaring back up to the $94,000 range, while the Trump administration established a Strategic Bitcoin Reserve. Magazine: Ethereum maxis should become ‘assholes’ to win TradFi tokenization race

Source: CoinTelegraph