Coin Edition -
- ARK Invest reveals Bitcoin price estimates for 2030, ranging from $258,500 to an astonishing $1,480,000.
- Crypto analyst Satoshi Stacker wonders if holders will stick with Bitcoin into the next decade.
- ARK Invest also awaits approval on their applications for Bitcoin spot (ETF).
In a recent tweet, a well-known crypto investor and analyst pseudonymously named Satoshi Stacker shared intriguing estimates from global asset manager ARK Invest regarding the potential price of Bitcoin in 2030.
According to ARK Invest’s projections, Bitcoin’s price could follow three distinct trajectories to potentially trade in millions of dollars.
ARK Invest shared some estimates for the price of #Bitcoin in 2030.Bear Case: $258,500Base Case: $682,800Bull Case: $1,480,000What do you think, and will you still be hodling your BTC in 2030? pic.twitter.com/QBdiBBBABh— Satoshi Stacker (@StackerSatoshi) October 15, 2023
In what ARK Invest terms their “Bear Case,” Bitcoin is estimated to reach $258,500 in 2030. The global asset manager underpinned this scenario by a Compound Annual Growth Rate (CAGR) of 40%.
On the other hand, ARK Invest suggested a “Base Case” where it projected Bitcoin’s price might surge to $682,800 by 2030. Notably, this projection is supported by a robust CAGR of 60%. Meanwhile, in their most optimistic scenario, the “Bull Case,” ARK Invest suggested Bitcoin’s price could potentially skyrocket to an astonishing $1,480,000 by 2030. The asset manager backed this extraordinary scenario by a CAGR of 75%.
Amid the daring Bitcoin price projection into the next decade, Satoshi Stacker asked the crypto community if they would still be a Bitcoin holder by 2030. Notably, the tweet included a chart from ARK Invest emphasizing Bitcoin’s potential to evolve into a multi-trillion-dollar market.
Specifically, the chart highlighted the diverse range of use cases for Bitcoin that would turn the asset into a multi-trillion dollar market. It cited Bitcoin’s possible roles in corporate treasury, remittance, national state treasury, emerging market currency, economic settlement network, digital gold, and institutional investment.
It is worth mentioning that ARK Invest is one of the prominent institutions awaiting approval on their applications for Bitcoin spot exchange-traded funds (ETF).
At the time of reporting, Bitcoin trades at $26,914.93, with barely any significant increase in the past day. Its market valuation sits at $525.22 billion. It remains to be seen how Bitcoin will transcend into a trillion-dollar market, as experts have projected.
The post These 3 Paths Will Lead Bitcoin to Trillion Dollar Market in 2030 appeared first on Coin Edition.