Ark Invest Raises Bitcoin Price Prediction to $2.4 Million for 2030: Analyzing the New Bull Market Forecast

COINOTAG News reported on April 25th that Ark Invest, led by Cathie Wood, has revised its bullish price forecast for Bitcoin from $1.5 million to an ambitious $2.4 million for the year 2030, as highlighted in a recent analysis. According to Ark’s analyst David Puell, this adjustment stems from the incorporation of their advanced pricing model which strategically evaluates Bitcoin’s circulating supply while omitting lost or dormant assets.

The updated bull market projection reflects an extraordinary compound annual growth rate (CAGR) of approximately 72% anticipated from late 2024 through 2030. Additionally, Ark’s experimental model, which is considered more aggressive than their traditional forecasts, suggests a conservative base case price of $1.2 million under standard market conditions, whereas it foresees a bear market scenario pricing of around $500,000 with a CAGR of 32%.