Ark Invest Raises Bitcoin Price Forecast for 2030

According to Foresight News, Ark Invest, led by Cathie Wood, has increased its Bitcoin price prediction for 2030. The new forecast is approximately 40% higher than previous estimates based on a foundational model, incorporating factors such as active supply and network activity. Under the revised model, Ark Invest predicts Bitcoin prices in bear, base, and bull market scenarios to be around $500,000, $1.2 million, and $2.4 million per Bitcoin, respectively. Previously, Ark Invest's predictions for bear, base, and bull market scenarios were approximately $300,000, $710,000, and $1.5 million per Bitcoin.