Bold BTC Price Prediction: Ark Invest Unleashes Shocking Forecast Based on New Data

Bold BTC Price Prediction: Here’s Why Bitcoin’s Future Looks Stronger Than Ever

A new price estimate for Bitcoin was announced by renowned technology investor Cathie Wood’s Ark Invest. The company’s report outlined a course for the leading cryptocurrency to reach as high as $2.4 million per coin by 2030. The most recent analysis, which was made public on Thursday, expands on Ark’s earlier price projections from its yearly Big Ideas report.

To estimate a price prediction for Bitcoin, the previous forecasts relied on assumptions about penetration rates and total addressable markets (TAM). The company has now integrated experimental modeling that takes into account Bitcoin’s “active” supply, which accounts for lost or long-held coins, with its earlier forecasts.

Bitcoin’s network liveliness has remained near ~60% since early 2018. In our view, that magnitude of liveliness suggests that ~40% of supply is ‘vaulted.’ On that basis, we arrive at the following price targets, which are roughly 40% higher than our base model, which does not account for Bitcoin active supply and network liveliness

the report

Ark Invest and Industry Titans Predict Bitcoin’s Soaring Future Beyond $1 Million

The research identifies the key sources of its TAM and penetration rate data, which could help it expand. Bitcoin’s reputation as a digital gold, institutional investment in spot ETFs, emerging market investors looking for a safe haven asset, and corporate treasuries continuing to diversify with Bitcoin are some examples of these inputs.

Ark is not alone in advocating for a price increase of more than $1 million for Bitcoin. The largest cryptocurrency asset is expected to reach $13 million per coin over the next 21 years, according to a September prediction made by Strategy Chairman and co-founder Michael Saylor. Moreover, Coinbase CEO Brian Armstrong stated in January that he believes the price will also be in the millions.

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