ARK's Bitcoin 'Bear Case' Is $300,000 By 2030—What's The Bull Case?
- ARK Invest analyst David Puell raised the firm's Bitcoin price targets in an April 24 report.
- ARK modeled these new projections based on Bitcoin's total addressable market and penetration rate assumptions.
- The updated targets predict Bitcoin could reach $2.4 million, $1.2 million, or $500,000 by the end of 2030.
- Institutional investment "contributes the most to our bull case," stated the analyst.
- This revision signals ARK Invest's increased confidence and potential strong institutional interest in Bitcoin's future.
13 Articles
13 Articles
ARK Invest Raises Bitcoin Bull Case Target to $2.4M by 2030 on Institutional Demand
Asset management firm ARK Invest has significantly increased its bullish outlook for Bitcoin (BTC), projecting a potential price of $2.4 million by the end of 2030. The revised target, up from a previous forecast of $1.5 million, reflects growing institutional adoption and Bitcoin’s evolving role as “digital gold,” according to ARK’s latest report released on April 24. In addition to its optimistic bull case, ARK also raised its bear case target…
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage