Bitcoin's Bulldozer Ride to 2030: A Predicted $2.4 Million Per Coin!
Ark Invest, led by Cathie Wood, issues an aggressive bitcoin price forecast
Get ready for a wild ride, Bitcoin enthusiasts! Cathie Wood's Ark Invest, a renowned tech investor, has unveiled a jaw-dropping price prediction for the top cryptocurrency. According to their latest report, Bitcoin could break the bank and hit a staggering price of up to $2.4 million per coin by 2030!
In a move that outdoes their previous predictions from the annual Big Ideas report, Ark Invest has leveled up their game with an updated Bitcoin price target. To arrive at this mind-boggling figure, the firm combined its earlier predictions with an experimental modeling technique that accounts for Bitcoin's active supply - discounting long-held or lost coins.
Ark Invest's report states, "Bitcoin's network liveliness has remained near ~60% since early 2018. In our view, that magnitude of liveliness suggests that ~40% of supply is 'vaulted.'" This insightful analysis led them to these price targets, which are approximately 40% higher than their base model, which does not account for Bitcoin's active supply and network liveliness.
Even in its most pessimistic scenario or bear case, Ark Invest predicts a Bitcoin price of around $500,000 per BTC. On the flip side, their bullish prediction paints a picture of a price of $2.4 million per coin.
Joining the chorus of Bitcoin bulls, Strategy Chairman and co-founder Michael Saylor previously stated that he believes Bitcoin would reach a breathtaking $13 million per coin over the next 21 years. Meanwhile, Coinbase CEO Brian Armstrong also noted that he believes it will reach the "multiple millions price range."
As of Friday, Bitcoin momentarily surpassed the $95,000 mark for the first time in two months, although it still fell short of its all-time high of nearly $109,000 set earlier this year.
In case you're wondering, Ark Invest's aggressive bull case rests on accelerated institutional adoption and supply scarcity, while Changelly's predictions reflect a steady and linear growth trend up to $971,811 in December 2030.
So buckle up and prepare for an exhilarating journey as we break barriers and march towards a future where a single Bitcoin could potentially command an astronomical price!
Edited by Andrew Hayward
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- In a remarkable prediction from Ark Invest, the price of Bitcoin could potentially soar to an astounding $2.4 million per coin by 2030.
- To arrive at this figure, Ark Invest employs a unique modeling technique that takes into account Bitcoin's active supply and network liveliness.
- Even in its most pessimistic scenario, Ark Invest anticipates a Bitcoin price of around $500,000 per BTC, while a bullish prediction reaches an astronomical $2.4 million per coin.
- However, other Bitcoin enthusiasts, like Michael Saylor and Brian Armstrong, have made even more optimistic price predictions for the cryptocurrency.
- The daily Debrief Newsletter could provide you with the latest updates on Bitcoin price predictions, trends, and news from industry experts, ensuring you stay ahead in the world of finance and technology.
- As Bitcoin continues its bulldozer ride towards the future, it's crucial to keep track of price predictions, trends, and news in the crypto market, as we break barriers and approach a future where a single Bitcoin could potentially command an astronomical price.
