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Cathie Wood's Company Ark Invest Revises Targets for Bitcoin (BTC)! Announced New Bearish and Bullish Targets!
The famous Bitcoin bull Cathie Wood's company ARK Invest has released a new Bitcoin (BTC) report.
According to this, ARK Invest, which stated that it expects significant growth in Bitcoin, revised its prediction upwards, claiming that Bitcoin could reach $2.4 million by the year 2030.
ARK Invest has raised its Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, with institutional investors and the increasing acceptance of Bitcoin as "digital gold."
At this point, ARK's report titled "Big Ideas 2025" estimated that the value of Bitcoin could rise between $500,000 and $2.4 million.
ARK, which also announced new bear and floor price targets, revised its Bitcoin price forecasts upward for February to $300,000 and $710,000.
According to this, Bitcoin could reach between 500,000 and 2.4 million dollars by 2030 based on bear and bull scenarios. ARK predicts that in a bear case, meaning the worst case, Bitcoin could reach 500,000 dollars, 1.2 million dollars in the base scenario, and 2.4 million dollars in a bull case.
According to ARK Invest's report, it was observed that the predictions related to Bitcoin are based on expected capital inflows from institutional investments, its adoption as digital gold, demand from emerging markets as a store of value, allocations made by nation-states and institutional treasuries, and the growth of on-chain financial services.