Ark Invest has projected an ambitious future for Bitcoin, forecasting that the cryptocurrency could reach a price of $2.4 million by 2030. This bold prediction is based on the company’s aggressive modeling, which outlines a strong trajectory for Bitcoin over the next five years.
Despite facing challenges since early 2025, Bitcoin saw significant momentum at the end of 2024, hitting a six-figure price for the first time and boosting market sentiment to an all-time high. With favorable regulations potentially on the horizon, Bitcoin’s upward journey might just be getting started.
Ark Invest Predicts Bitcoin Will Soar in the Next Five Years
Bitcoin has had an eventful year so far. After a tough start during the first quarter, the tide appears to be turning. This week, BlackRock made headlines by purchasing significant amounts of Bitcoin, helping the asset stabilize around the $94,000 mark.
By 2030, Bitcoin could see substantial growth, potentially reaching record-breaking values. Factors such as increased adoption, rising institutional interest, and advancements in blockchain technology are expected to boost its long-term price. OvenAdd predicts that in a bullish market, Bitcoin could climb to $644,032.55, while a bearish scenario might see it fall to $590,766.73.
However, this may just be the beginning. The US is shifting toward more pro-crypto regulations, a move expected to boost the entire industry. Adding to the optimism, Ark Invest recently projected Bitcoin could soar to $2.4 million by 2030.
A recent report by analyst David Puell revealed an updated bull-case price target for Bitcoin, surpassing the previous $1.5 million projection. The new estimate leverages the firm’s latest experimental model, which incorporates asset liquidity supply by accounting for lost or long-held tokens.
The bull-case projection assumes a compound annual growth rate (CAGR) of over 70% from the end of last year through the next five years. Puell described the model as more “aggressive” compared to previous methods. The report also outlines a bear-case Bitcoin price estimate of $500,000 and a base-case projection of $1.2 million, reflecting a 53% CAGR.
Also Read: SEC Chair Paul Atkins’ Focus: Crypto Regulation or Ripple (XRP) ETFs?