In what is one of the most optimistic outlooks for the leading cryptocurrency, Ark Invest projects that Bitcoin can reach a $2.4 million price by the year 2030. Indeed, the company’s aggressive modeling has placed the major target for the cryptocurrency to reach over the course of the next five years.
The asset has certainly struggled since the start of 2025 but was surging before the calendar turned. Specifically, the token reached a six-figure price for the very first time in late 2024, with sentiment reaching an all-time high. Moreover, with favorable regulation on the horizon, that should just be the start for Bitcoin.
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Ark Invests Projects Bitcoin to Reach New Heights In the Next Five Years
It has been a rather interesting year for Bitcoin so far. Although the price had struggled mightily in the first three months, things are starting to turn around. With BlackRock ramping up purchasing this week, the asset has settled around the $94,000 mark.
That is expected to just be the start of its price potential, however. The US has embraced a shift toward pro-crypto regulations that should benefit the entire industry. Moreover, Ark Invest has recently shared an increasingly optimistic outlook for Bitcoin, projecting it to reach a $2.4 million price by 2030.
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In a report issued this week by analyst David Puell, the bull-case price target was increased from its previous $1.5 million projection. The new update utilized the firm’s newest experimental model. Specifically, it factors in the asset liquidity supply through the discounting of lost or long-held tokens.
The bull-case projection is based on a compound annual growth rate (CAGR) of more than 70% from the end of last year and over the next five years. Puell described the new model as “aggressive” in comparison to its past methods. Additionally, it projects the bear case price estimate for Bitcoin to sit at $500,000. Moreover, its base case BTC price is at $1.2 million, at a 53% CAGR.
