ARK Invest has raised its 2030 bull market price target for Bitcoin from $1.5 million to $2.4 million, projecting an annual growth rate of 72%.
This forecast takes into account factors like institutional investment reaching 6.5% of global market portfolios, Bitcoin supplanting 60% of gold’s market value, demand for hedging in emerging markets, and growth in on-chain financial services.
The prediction is based on an adjusted model of Bitcoin’s ‘active supply,’ with ARK noting that most valuation models overlook Bitcoin’s scarcity and lost supply.
Previously, ARK’s ‘Big Ideas 2025’ report estimated Bitcoin’s 2030 price targets at around $300,000 in a bear scenario, $710,000 in a baseline scenario, and $1.5 million in a bull market scenario.
