Michael Saylor Predicts $1M Bitcoin; ARK Invest Raises Target to $2.4M

Michael Saylor, former CEO of MicroStrategy and a prominent Bitcoin advocate, predicts that the crypto market will continue to surge beyond winter and reach an estimated price point of $1 million. This prediction comes alongside Ark Invest’s increased price target for Bitcoin by 80% to $2.4 million by 2030. Saylor’s confidence stems from several factors: expanding adoption of Bitcoin, unusual daily supply levels, and the increasing number of public companies buying BTC. ARK Invest believes that these factors will drive Bitcoin prices upwards significantly. He further argues that if a price floor of $50 million is reached, the crypto market will be propelled to new heights. This view aligns with the firm’s significant investment in Bitcoin through MicroStrategy. They have amassed over 582,000 BTC since 2020, worth approximately $63.85 billion according to Saylor Tracker data, a testament to their conviction in this technology.