ARK Invest predicts Bitcoin could rise significantly by 2030

Cathie Wood's ARK Invest predicts Bitcoin could rise to $1.48 million by 2030, a potential increase of 1,660% from its current price of around $84,000. This follows ARK's approval to launch a Bitcoin ETF last year. Bitcoin's market cap is currently $1.6 trillion, making it the largest cryptocurrency. ARK cites eight factors that could drive its value higher, including increased institutional investment and potential adoption by governments as a reserve asset. Despite the bullish outlook, some analysts question the feasibility of such high price targets, noting Bitcoin's lack of revenue and challenges in becoming a widely accepted currency. A more conservative estimate suggests a price of $942,800 per coin could be more realistic.