ARK Invest raises BTC bull run forecast to $2.4 million by 2030

Odaily News In its latest Bitcoin Monthly Report, ARK Invest raised its bull market forecast for Bitcoin prices in 2030, with the highest forecast reaching $2.4 million. This valuation is based on its "bold modeling assumptions" and is a significant increase from the previous forecast of $1.5 million. In the report, ARK also gave forecast paths for the base case (base valuation of $680,000) and the bear case ($250,000). The analysis pointed out that key factors such as institutional adoption rate, sovereign adoption, and the settlement capacity of the Bitcoin network are the main reasons driving the adjustment of its model parameters. (The Block)