ARK: "Bitcoin could reach up to $1.5 million by 2030"

Doohyun Hwang

Summary

ARK Invest projected that the price of Bitcoin (BTC) could reach up to $1,500,000 by 2030.
Bitcoin's role as a digital gold, entry of institutional investment, and rising demand for safe assets in emerging economies were cited as key growth drivers.
About 40% of Bitcoin is held long-term or has been permanently lost, meaning that, based on the effective circulating supply, prices could be over 40% higher than current models suggest.

U.S. asset management firm ARK Invest has projected that the price of Bitcoin (BTC) could reach up to $1,500,000 by 2030.

ARK Invest presented this outlook through its annual report, 'Big Ideas 2025.' The report identified Bitcoin's role as 'digital gold' as a major driver of the projected growth. They analyzed that if Bitcoin were to replace 20~60% of the gold market share, its price contribution could reach up to 57.8%.

Additionally, institutional entry into the investment market and rising demand for safe assets in emerging economies were cited as long-term bullish factors.

ARK Invest stated, "If around 6.5% of institutional portfolios include Bitcoin, it could drive approximately 43% in price increases," and added, "Increasing demand from investors in emerging markets seeking inflation hedges could also contribute up to 13.5% of the price."

Furthermore, "About 40% of Bitcoin in circulation is either being held long-term or has been permanently lost," they explained, noting, "Based on the effective circulating supply, prices could be more than 40% higher than current models suggest."

BTC