Ark Invest Forecasts 40% Increase in Bitcoin Price by 2030

Investment firm Ark Invest, spearheaded by Cathie Wood, has boosted its Bitcoin price forecast for the year 2030. Based on a new model incorporating factors like active supply and network activity, the revised prediction is approximately 40% higher than previous estimates. The updated model projects Bitcoin prices to be around $500,000 in bear market scenarios, $1.2 million in base market conditions, and $2.4 million in bull market scenarios, respectively.