PANews reported on April 25 that according to Bitcoin Magazine, ARK Invest has raised its Bitcoin 2030 bull market scenario target price from $1.5 million to $2.4 million, with an estimated annual growth rate of 72%. The prediction considers the 6.5% penetration rate of institutional investment in global market portfolios, Bitcoin replacing 60% of gold's market value, emerging market hedging demand, and the growth of on-chain financial services, based on a model adjusted for Bitcoin's "active supply". ARK noted that most valuation models do not reflect Bitcoin's scarcity and lost supply.
According to ARK Investment Management's previously released "Big Ideas 2025" report, ARK expects Bitcoin's price target by 2030 to be around $300,000 in a bear market scenario, around $710,000 in a baseline scenario, and around $1.5 million in a bull market scenario.
