Ark Invest has announced an ambitious prediction for Bitcoin, forecasting that the cryptocurrency could reach a staggering $2.4 million per coin by 2030. This updated price target, released in a recent report, builds on their earlier assessments and incorporates new modeling techniques that take into account Bitcoin’s “active” supply—coins that are not lost or held long-term.
The report revealed that Bitcoin’s network activity has remained stable at around 60% since early 2018, implying that approximately 40% of the Bitcoin supply is effectively inactive or “vaulted.” This shift in analysis led to an increase in their price targets, estimating that in the worst-case scenario, Bitcoin could still reach around $500,000 per coin.
A variety of factors contribute to this bullish outlook, including Bitcoin’s recognition as “digital gold,” growing institutional investment through spot ETFs, and increased interest from corporate treasuries looking to diversify. The report cites broader trends in emerging markets where investors are seeking safe-haven assets.
Notably, Ark Invest isn’t alone in its optimistic projections. Other influential figures in the cryptocurrency space have also suggested that Bitcoin could exceed $1 million per coin. For instance, MicroStrategy’s Michael Saylor projected that Bitcoin might reach $13 million over the next two decades.
As of now, Bitcoin’s price has tentatively crossed the $97,000 mark, although it remains below its all-time high of nearly $109,000 set earlier this year.
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