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THOUGHTS? Cathie Wood projects bitcoin to soar to $1.5M by 2030 according to Ark’s bull case
“We updated our bitcoin price targets for 2030, projecting bear, base, and bull cases of ~$300,000,~$710,000, and ~$1.5 million per bitcoin,” Ark Invest said in an investor report. These projections imply dramatic gains from bitcoin’s current trading levels over the coming years. As of now, bitcoin is priced around $94.5K, up 1.3% year-to-date, but far from Ark’s projected milestones. To reach the investment firm's targets, bitcoin would need to post substantial returns: Bull case, bitcoin would need to climb 1,500% to hit $1.5M. Base case, bitcoin would need to climb 650% to hit $710K. Bear case, bitcoin would need to climb 217% to hit $300K. submitted by /u/foreverdark666 [link] [comments]
“We updated our bitcoin price targets for 2030, projecting bear, base, and bull cases of ~$300,000,~$710,000, and ~$1.5 million per bitcoin,” Ark Invest said in an investor report.
These projections imply dramatic gains from bitcoin’s current trading levels over the coming years. As of now, bitcoin is priced around $94.5K, up 1.3% year-to-date, but far from Ark’s projected milestones. To reach the investment firm's targets, bitcoin would need to post substantial returns:
- Bull case, bitcoin would need to climb 1,500% to hit $1.5M.
- Base case, bitcoin would need to climb 650% to hit $710K.
- Bear case, bitcoin would need to climb 217% to hit $300K.
[link] [comments]
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