Bitcoin Price Predictions: ARK Report Predicts BTC Price to Reach $1.48M by 2030

Overview

• Cathie Wood’s ARK Investment Management predicts Bitcoin will rebound from its present lows to be worth $1.48 million by 2030.
• ARK Invest identifies eight areas as potential sources of new money for Bitcoin, including corporate treasury, remittance asset, nation-state treasury, etc.
• According to Ark, the digital currency would increase by 40% compound annualized from December 31, 2022, to reach $258,500 by the end of 2021.

Predicted Price Targets for Bitcoin

ARK Investment Management has predicted that Bitcoin will rebound from its present lows and reach a price of $1.48 million by 2030. This bullish scenario would see Bitcoin’s value rise by more than 6300% in just seven years. Additionally, ARK Invest has identified eight potential sources of new money for Bitcoin which include: corporate treasury, remittance asset, nation-state treasury and developing market currency among others. According to Ark’s analysis the digital currency is expected to increase by 40% compound annualized from December 31st 2022 and reach a price of $258 500 by the end of 2021.

Bitcoin’s Use Case

The report issued this week indicates that the long-term opportunity for bitcoin is improving due to its special characteristics which provide individuals with an alternative to centralized financial institutions that have failed to deliver adequate economic assurances. In fact in 2022 BTC recorded an impressive $38 7 trillion in transaction volume which accounted for more than 36% of all value transmitted since its foundation in January 2009.

Network Security on The Rise

The number of computations per second produced by miners and a proxy for network security has risen steadily over the past 12 years and is expected to reach an all-time high in 2022. This provides further support for ARK’s prediction that bitcoin will continue its upwards trajectory and hit a new record high price before 2030 arrives.

Conclusion

In conclusion it appears that Cathie Wood’s ARK Investment Management remains confident about bitcoin’s future price performance due largely in part due to its use case as an alternative form of payment and increased network security levels over time. As such it appears likely that BTC could exceed their predicted targets and hit even higher prices before 2030 arrives on the horizon