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ARK Invest

Bitcoin To Hit $1 M by 2030

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3 months ago

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Cathie Wood, who is the CEO and chief investment officer of Ark Investment, made a prediction during an interview with Bloomberg, suggesting that Bitcoin will hit a price of $1 million by 2030.

In the conversation on Dec. 20, Cathie Wood pointed towards Bitcoin’s (BTC) fixed supply of 21 million cap as the key denominator which will drive the asset’s value. She brought to light the scarcity of BTC as more than 19.5 million BTCs have already been mined, which she says have increased the institutional investor’s hunger for the asset. 

“Bitcoin is really the first of a new asset class, and it will be the largest opportunity of them all,” Wood stated. As a result of this increasing institutional adoption and supply-demand dynamic, she argues that the likelihood of BTC reaching $1 million is now considerably higher. Referencing Ark Investment’s Big Ideas 2023 research report, Wood highlighted the asset’s inherent scarcity as a key driver of its growing demand.

Responding to criticism of BTC’s speculative character, Wood drew parallel to gold, with both acting as stores of value. Also, she noted that BTC’s annual supply growth rate has recently fallen to 0.9%, lower than gold’s long-term average supply growth rate of 1%, meaning that BTC is more scarce than gold.

Wood said that while gold could lead to increasing supply in a rising price environment, BTC cannot due to its decentralized mechanism. “Like gold, Bitcoin is secured by its scarcity, but unlike gold it’s backed by the largest computing system in the world, making it the most secure network in the world,” she explained. It is this mathematical scarcity along with its decentralized and rules-based design that differentiates BTC as a radically new era financial asset, Wood claimed.

Wood largely credits the sudden boom in digital asset adoption to the COVID-19 pandemic, which she says has “turbocharged” a period of financial self-education by younger investors whose personal standards for accreditation traditionally fall short. This change has been also documented  in statistics; where 63% of people invested in cryptocurrency in 2021 during the pandemic, with the bulk of adopters being millennials and Gen Z.



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Ark Invest Says Bitcoin on Track to Meet 2030 Price Target

Published

2 months ago

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February 4, 2025

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American asset management firm Ark Invest has released its “Big Ideas 2025” report, sharing insights on Bitcoin (BTC) and other aspects of the blockchain ecosystem. In the report, the asset managers highlighted the growing adoption of Bitcoin by public companies, and the key catalysts that sets it up for success.

The Ark Invest Prediction for Bitcoin

According to the ETF issuer’s report, a total of 74 public companies now hold Bitcoin on their balance sheets. The report highlighted that the value on corporate balance sheets quintupled during the past year, from $11 billion in 2023 to $55 billion. Among the firms with a Bitcoin portfolio include MicroStrategy, Boyaa Interactive and crypto mining firm MARA Digital.

Ark Invest also hinted at the resilience of Bitcoin in the past few years as it absorbed major selling pressure. In 2024 alone, the report highlighted German government BTC sales, Mt.Gox selloff and shift in US Government holdings as headwinds the coin survived.

The asset manager said Bitcoin price is on track to hit its 2030 price target of $1.5 million. It unveiled three unique scenarios including bear case, base case and the bull case. In the bear case, Ark Invest predicted a $300,000 price target. The firm predicted $700,000 target for base case and $1.5 million bull case by 2030.

Ark Invest and Broader Industry Outlook

The report also touched on other aspects of the digital ecosystem including the emergence of AI agents and trends in stablecoins. Recognizing how Artificial Intelligence has been shaping the world, it predicted faster monetization trends for firms like OpenAI. Specifically, it noted that OpenAI can surpass $10 billion revenue this year, faster than social media firms.

Meanwhile, there is a growing competition in the AI ecosystem, stirred by China’s DeepSeek. Amidst this, OpenAI launched ChatGPT for agencies in the US to enhance security. Ark Invest noted that this rapid innovation will stir increased demand moving forward.

The investment giant also touched on stablecoin, considered one of the fastest growing segments in the industry. Stablecoin volume touched $270 billion in 2024 with Solana, Tron, Ethereum and Base in the spotlight.

In addition, Ark Invest touched on Digital Wallets, and scaling solutions as innovations to watch out for.

The Changing Crypto ETF Scene

Beyond the Big Ideas 2025 report, the Cathie Wood-led firm is a big participant in the digital currency ecosystem. Beyond its issuance of spot Bitcoin and Ethereum ETF products, many expect it will join the growing list of firms pushing for alternative ETF approvals with the US Securities and Exchange Commission (SEC).

While its key partner 21Shares filed for Polkadot ETF product recently, experts believe Ark Invest will make related move soon. The new leadership change at the US SEC is considered a positive factor to drive this major pivot to more altcoin ETFs for the firm.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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