Asset management firm ARK Invest has significantly increased its bullish outlook for Bitcoin (BTC), projecting a potential price of $2.4 million by the end of 2030.
The revised target, up from a previous forecast of $1.5 million, reflects growing institutional adoption and Bitcoin’s evolving role as “digital gold,” according to ARK’s latest report released on April 24.
In addition to its optimistic bull case, ARK also raised its bear case target to $500,000 and its base case to $1.2 million. These figures mark an increase from the firm’s earlier projections of $300,000 and $710,000, respectively.
EXPLORE: 10 Best AI Crypto Coins to Invest in 2025
ARK Analyst Says Bitcoin Forecasts Driven by Market Potential and Fixed Supply
David Puell, a research analyst at ARK, explained that the updated forecasts are based on Bitcoin’s total addressable market (TAM), expected market penetration rates, and its fixed supply schedule.
“Institutional investment contributes the most to our bull case,” Puell noted, estimating Bitcoin could capture 6.5% of the $200 trillion global financial market—excluding gold—in a best-case scenario.
A key driver behind ARK’s projection is Bitcoin’s rising acceptance as a digital counterpart to gold. Puell suggested that Bitcoin could absorb up to 60% of gold’s $18 trillion market cap by 2030.
Additionally, Bitcoin’s role as a “safe haven” asset in emerging markets, protecting against inflation and currency devaluation, accounts for 13.5% of the bull case estimate.
BREAKING NEWS:
ARK Invest updates their 2030 Bitcoin price predictions:
Bull Case: $2.4 million 🚀
Base Case: $1.2 million 🚀
Bear Case: $500k 🚀 pic.twitter.com/kjeowl3CU9— Altcoin Daily (@AltcoinDailyio) April 24, 2025
Other factors influencing ARK’s forecast include nation-state adoption, corporate treasury strategies, and the expansion of Bitcoin-based financial services.
If Bitcoin reaches ARK’s $2.4 million target, its market capitalization would soar to $49.2 trillion, assuming a circulating supply of 20.5 million BTC by 2030.
This valuation would surpass the combined GDP of the United States and China and position Bitcoin to overtake gold as the world’s largest asset—more than doubling gold’s current $22.5 trillion market cap.
Even under ARK’s conservative scenarios, Bitcoin would require a compounded annual growth rate (CAGR) of 32% to 53%, an impressive feat for an asset already valued in the trillions.
The report comes as Bitcoin rebounds from its 2025 low of $75,160 to trade near $94,000, buoyed by favorable market conditions and the Trump administration’s establishment of a Strategic Bitcoin Reserve.
EXPLORE: Best New Cryptocurrencies to Invest in 2025
Bitcoin Becomes 5th Largest Asset
On April 23, Bitcoin overtook Alphabet to become the world’s fifth most valuable asset, reaching a market cap of $1.87 trillion. The milestone came amid Bitcoin’s growing decoupling from U.S. tech stocks, with BTC gaining 15% in April, outperforming the Nasdaq 100.
– Tech futures down
– Dollar down
– Gold new ATH
– Bitcoin breaking out/decouplingRealize where we are. pic.twitter.com/XqZRlEHj39
— Geiger Capital (@Geiger_Capital) April 21, 2025
Investor confidence has been bolstered by President Trump’s pro-Bitcoin policies, including the establishment of a Strategic Bitcoin Reserve (SBR) and easing concerns over Federal Reserve independence and China tariffs.
DISCOVER: Best Meme Coin ICOs to Invest in April 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
- ARK Invest raised its Bitcoin bull case target to $2.4 million by 2030, driven by institutional adoption and digital gold status.
- Bitcoin could reach a $49.2 trillion market cap if it captures a significant share of global financial markets and gold’s value.
- Even ARK’s conservative scenarios project strong Bitcoin growth, requiring a 32% to 53% annual increase through 2030.
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
Maximize Your Trading With Margex’s 20% Deposit Bonus
‘Buy in May, Get Paid in June?’ – $300K Bitcoin Calls Heat Up, BTC Bull Token Is Locked In
CoinGecko Report Analysis: What Moved Crypto in Q1 2025?
14 Best Crypto Bonuses in 2025 – Top Exchange Offers & Promotions
BingX Launches $10 Risk-Free Copy Trading Voucher for New Users in Exclusive Event
