Ark Invest predicts Bitcoin could reach $2.4 million by 2030, according to a recent report. The optimism comes despite recent struggles, with Bitcoin hitting six-figures in late 2024. Ark’s aggressive projections include a bear-case estimate of $500,000 and a base case at $1.2 million. Regulatory changes are expected to boost the crypto market further.
In a bold prediction, Ark Invest has unveiled an astonishing forecast suggesting that Bitcoin could surge to $2.4 million by 2030. This figure represents what many are calling one of the most optimistic assessments in the cryptocurrency space. Ark’s calculations, fresh off the back of recent trends, indicates that Bitcoin might see significant growth over the next five years, despite the hurdles it’s faced lately.
The road for Bitcoin has been bumpy, particularly since the beginning of 2025. Notably, it hit a six-figure valuation for the first time ever in late 2024, leading to record high optimism among investors. As the landscape appears favourable, especially with regulatory changes on the horizon, there’s a belief that this milestone could merely be the beginning of Bitcoin’s upward journey.
So far this year, we’ve seen fluctuations in Bitcoin’s price, especially during the first quarter. However, things are looking more positive recently, with prices hovering around $94,000 as major institutions, including BlackRock, ramp up their purchases of the cryptocurrency. Many analysts expect this could indicate an early stage of Bitcoin’s price potential, especially given recent regulatory shifts in the US that are increasingly supportive of cryptocurrencies.
In a recent report by analyst David Puell, Ark Invest has recalibrated its bull-case price target to $2.4 million, up from a previous $1.5 million estimate. This new projection leverages the company’s latest experimental model, which considers the liquidity of Bitcoin supply and adjusts for lost or long-held tokens.
Forecasting a compound annual growth rate (CAGR) of over 70% through 2028, Puell described the updated model as notably bold and aggressive, especially when compared to older models. The downside scenario for Bitcoin is estimated at $500,000, while its standard case price is projected around $1.2 million, reflecting a more conservative CAGR of about 53%.
