Ark Invest: Bitcoin will reach $ 1.5 million by 2030

Analysts at Ark Invest predict that the price of bitcoin BTC $96,017.87 Bitcoin -0.65% Market capitalization $1.9 trillion VOL. 24 hours $0.9 billion could reach $ 1.5 million by 2030 if the bullish scenario is realized. According to a report published on February 4, the average forecast is $ 710 thousand, and the minimum is $ 300 thousand. In 2024, bitcoin showed an increase of 122%, and its volatility dropped to a historic low of below 50%.

One of the main factors of growth is the launch of 11 spot ETFs based on bitcoin, which raised more than $ 4 billion on the first day of trading. By the end of the year, the total assets of these funds exceeded $ 100 billion. In addition, the halving in April 2024 reduced the cryptocurrency inflation rate to 0.9%, which is even lower than that of gold.

Additionally, the market was able to absorb two major bitcoin halves: the sale of 50 thousand BTC by the German authorities and the distribution of 109 thousand BTC among Mt. Gox creditors. Despite this, the value of the cryptocurrency increased from 53 to 68 thousand dollars.

Ark Invest also notes that the number of companies holding bitcoin in their reserves has increased to 74, and the total amount of corporate investment has increased fivefold to $ 55 billion. This indicates the growing recognition of cryptocurrency as a strategic asset.

It is also expected that in 2025, the United States may pass bills on stablecoins, which will strengthen their legal position. Legislators have already reached a broad consensus on the regulation of the crypto market, which may contribute to the further growth of digital assets.