Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Ark Invest Predicts $1 Million Bitcoin Price by 2030

CryptocurrencyJan 26, 2022 13:10
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. Ark Invest Predicts $1 Million Bitcoin Price by 2030

Bitcoin prices may be tanking at the moment, but American investment management firm Ark Invest has made a bold price prediction for the asset in eight years’ time.

In its annual ‘Big Ideas’ research report published on Jan 25, the U.S. investment company revealed its predictions for the crypto industry and leading assets over the coming years.

The most audacious of those forecasts was a million dollars per Bitcoin by 2030.

The report stated that Bitcoin’s market capitalization still represents a fraction of global assets. Following its recent 45% plunge, that market cap is currently $714 billion which is slightly more than that of the world’s eighth-most valuable company, Berkshire Hathaway (NYSE:BRKa).

It added that Bitcoin’s market cap is likely to scale as more nation-states adopt it as legal tender.

“According to our estimates, the price of one bitcoin could exceed $1 million by 2030.”

Long-term Bitcoin fundamentals

The report went on to justify this epic price prediction by citing on-chain data which indicates that Bitcoin holders are focused on long-term fundamentals.

It stated that Bitcoin’s cumulative transfer volume increased by 463% in 2021. With an annual settlement volume of just over $13 trillion, the BTC network surpassed that of credit card company Visa (NYSE:V) last year.

Technological growth such as the launch of Taproot, layer-2 Lightning Network adoption, and the increase of BTC in decentralized finance are also driving factors.

The research revealed that ETPs (Exchange-Traded Products), countries, and corporations held 8% of Bitcoin’s supply as of November 2021.

“Bitcoin’s institutional holder base appears to be broadening after the launch of more regulated products and adoption by corporations and nation-states.”

Bitcoin mining, much of which is much greener than in previous years, has also evolved into a lucrative industry;

“Converting energy into a monetary asset can be critical in times of geopolitical uncertainty and financial market volatility.”

Big things in store for Ethereum

The report did not only extol the virtues of Bitcoin as there were plenty of bullish predictions for Ethereum over the next decade.

According to Ark’s research, Ethereum is “likely to capture a portion of the $123 trillion global money supply,” because it is the standard collateral for DeFi and NFTs.

It stated that regulators are prioritizing crypto innovations, especially Ethereum-based DeFi. For these reasons and many more, Ark predicted that Ethereum’s market cap could exceed $20 trillion over the next decade.

“According to our research, Ethereum could displace many traditional financial services, and its native token, ether, could compete as global money.”

With deflationary issuance around the corner, that could put the hypothetical price of one ETH at around $168,000 using today’s circulating supply figures.

Continue reading on BeInCrypto

Ark Invest Predicts $1 Million Bitcoin Price by 2030

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Matt Hester
Matt Hester Jan 30, 2022 18:27
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Stupid and irresponsible assessment, they just being greedy and in the red, don’t listen to their nonsense
Sandaruwan Jayawrdana
Sandaruwan Jayawrdana Jan 28, 2022 17:06
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Darren MNM
Darren_M Jan 27, 2022 13:12
Saved. See Saved Items.
This comment has already been saved in your Saved Items
An endorsement from Ark is hardly a confidence builder.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
Sign up with Email