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ARK Invest has published a report highlighting the potential trajectory of Bitcoin’s price, which could shoot up to $1.5 million by 2030. The digital asset’s long-term outlook remains strong, with institutional investment playing a crucial role in ARK’s bullish scenario.
According to the report, institutional investors will be key drivers in the bull case, with Bitcoin potentially capturing 6.5% of the projected $200 trillion global investment portfolio market by 2030. This estimate is nearly double gold’s current 3.6% portfolio share.
Moreover, ARK assumes that Bitcoin will become a popular store of value and hedge against inflation and currency devaluation in emerging markets. The report highlights that Bitcoin can serve as an accessible option for populations with internet access.
Additionally, the company forecasts national-state adoption, currently led by countries like El Salvador and Bhutan, to accelerate, particularly following policy endorsements such as US President Donald Trump’s March 2024 executive order supporting a US Bitcoin reserve.
Furthermore, ARK notes that publicly traded firms are increasingly holding the cryptocurrency, inspired by business intelligence firm Strategy’s investment strategy. By late 2024, roughly $55 billion has been accumulated in Bitcoin across 74 companies.
Lastly, the report emphasizes on-chain financial services, such as the Lightning Network and wrapped Bitcoin applications, which can further boost the digital asset’s capital appeal.
In conclusion, ARK Invest believes that institutional investments, especially through spot ETFs, will play a crucial role in driving up the price of Bitcoin.
Source: https://cryptopotato.com/ark-invest-explains-how-bitcoin-btc-could-shoot-up-to-1-5-million-by-2030/
