- ARK Invest projects that Bitcoin could reach $2.4M by 2030, driven by adoption and scarcity.
- AMBCrypto suggests Bitcoin’s consolidation may last a week before targeting $100k or $103k.
In a bold new research update, ARK Invest has set a strikingly optimistic outlook for Bitcoin [BTC], projecting the cryptocurrency could surge to $2.4 million by 2030 in a bullish scenario.
The firm has also revised its base and bear case forecasts to $1.2 million and $500,000, respectively.
3 reasons behind the Bitcoin prediction
This ambitious forecast hinges on three key factors. First, increasing institutional allocation as asset managers and corporate treasuries deepen their involvement in Bitcoin.
The next is the “digital gold” narrative, positioning BTC as a potential store of value with a market cap comparable to gold’s $18 trillion.
Finally, growing demand from emerging markets where Bitcoin could serve as a hedge against inflation plays a major role as well.
Should ARK’s most bullish prediction come to fruition, it would catapult Bitcoin’s market capitalization to an astonishing $49 trillion, surpassing the combined GDP of the U.S. and China.
Now, as Bitcoin continues its upward momentum, trading at $94,431.90 at press time after a 1.77% increase in the past 24 hours, the market sentiment is leaning toward the bulls.
Inasmuch, indicators like the RSI and CMF are suggesting stronger buying pressure than selling.
Source: Trading View
While ARK Invest’s $2.4 million price prediction may seem audacious, the firm’s thesis, driven by Bitcoin’s scarcity, increasing adoption, and alignment with macroeconomic trends, remains compelling.
However, this dynamic presents a crucial juncture that warrants attention from both optimistic investors and skeptical observers.
Community reacts
Commenting on the same, an X (formerly Twitter) user — Mantan, Founder and CEO at TeaFi Official, noted,
“That prediction grabs attention, but it’s the conviction behind it that matters. Bitcoin’s ceiling keeps rising because its fundamentals keep evolving.”
However, there were many who were concerned by such predictions, as noted by another X user who said,
“A $2.4M BTC target by 2030 implies extreme assumptions on adoption, monetary debasement, and institutional allocation. While visionary, such forecasts warrant caution—valuation models must balance enthusiasm with macroeconomic realities and risk-adjusted return expectations.”
Will the prediction come true?
AMBCrypto’s analysis suggests that the ongoing consolidation phase for Bitcoin may continue for another week, allowing liquidations to accumulate around the $96k mark.
This buildup could pave the way for a sharp move higher, as Bitcoin is naturally drawn to liquidity.
The price may then target the $100k level, a key psychological resistance, or even reach $103k, where a significant liquidity cluster awaits.
This potential price action highlights the importance of watching Bitcoin’s short-term movements as it nears crucial thresholds that could determine its next major move.