ARK raises Bitcoin’s 2030 bull market target to $2.4 million

PANews reported on April 25 that according to Bitcoin Magazine, ARK Invest has raised the target price of Bitcoin's 2030 bull market scenario from US$1.5 million to US$2.4 million, with an estimated annual growth rate of 72%. The price is estimated at $1.2 million in the benchmark case (CAGR of 53%) and in the bear case it is estimated at $500,000 in the CAGR of 32%. The forecast takes into account the penetration rate of institutional investment in the global market portfolio by 6.5%, the market value of Bitcoin replacing gold by 60%, the demand for hedging in emerging markets and the growth of on-chain financial services, and is based on the Bitcoin "active supply" adjustment model. ARK pointed out that most valuation models do not reflect Bitcoin’s scarcity and lost supply.

According to the "Big Ideas 2025" report previously released by ARK Investment Management, ARK expects Bitcoin's price target by 2030 to be about US$300,000 in bear market scenarios, about US$710,000 in benchmark scenarios, and about US$1.5 million in bull market scenarios.