Bitcoin Could Skyrocket to $2.4 Million by 2030, Says ARK Invest

Asset manager ARK Invest has updated its Bitcoin (BTC) price projections for 2030, now forecasting a bullish scenario where the cryptocurrency could reach $2.4 million per coin. This represents a potential rise of over 2,400% from BTC’s current price.

The updated forecast follows the firm’s previous prediction of $1.5 million. The 60% increase reflects optimism about Bitcoin’s potential.

Will Bitcoin Surge 2,400% by 2030?

According to the latest report, ARK Invest expects Bitcoin to experience a compound annual growth rate (CAGR) of 72% under the bullish scenario. Research analyst David Puell also revealed the updated Bitcoin price projections in the bear and base case scenarios.

The bear case is revised upwards from $300,000 to $500,000, with a CAGR of approximately 32%. Similarly, the base case scenario increased from $710,000 to $1.2 million, reflecting a CAGR of around 53%.

The report highlights six potential contributors to Bitcoin’s price appreciation. Key factors include institutional investments and Bitcoin’s role as a hedge against inflation and currency devaluation. In addition, Bitcoin’s status as digital gold further boosts its price potential.

Secondary factors include more countries, including the US, adopting BTC as a reserve asset. Corporate treasuries are also diversifying into Bitcoin, inspired by companies like Strategy (formerly MicroStrategy). Additionally, Bitcoin’s on-chain financial services could drive capital inflows by replacing legacy financial systems.

“While institutional investment contributes the most to our bull case. Interestingly, nation-state treasuries, corporate treasuries, and Bitcoin’s decentralized financial services contribute relatively little in each case,” Puell noted.

Ark’s Bitcoin price prediction for 2030 is based on analyzing Total Addressable Markets (TAMs) and penetration rates across key contributors. It also considers Bitcoin’s deterministic supply schedule. This is projected to reach around 20.5 million units by 2030. 

A key innovation in this year’s model is using Bitcoin’s “active supply,” which discounts lost or long-held coins. This approach leads to price targets approximately 40% higher than those based on the base model.

“The estimates constructed with this more experimental methodology are more aggressive than those in our bear, base, and bull cases,” the report added.

Bitcoin’s Bullish Price Forecasts

Meanwhile, Ark isn’t alone in its bullish outlook. Michael Saylor, founder and chairman of Strategy, recently forecasted that Bitcoin’s market capitalization will eventually reach $500 trillion, surpassing gold, real estate, and long-term financial assets to become the leading store of value.

He made this bold prediction during the Digital Asset Summit in March 2025. If Bitcoin achieves a $500 trillion market cap with its supply of 21 million tokens, it would result in a price of around $23.8 million per coin.

Meanwhile, Standard Chartered foresees Bitcoin going as high as $500,000 by 2028. Adding to the optimistic outlook, IREN’s CEO, Daniel Roberts, stressed that Bitcoin could reach $1 million within the next five years. Thomas Fahrer, co-founder of Apollo, shares a similar outlook.

However, according to Samson Mow, CEO of Pixelmatic, BTC’s value could surge to $1 million by the end of 2025. In addition, investment bank H.C. Wainwright also updated its 2025 Bitcoin price target, raising it from $145,000 to $225,000. Lastly, even with the price volatility, Fundstrat co-founder Tom Lee stated that BTC could do better than $150,000 in 2025.

While the numbers reflect the market’s strong belief in the largest cryptocurrency, it remains to be seen whether these predictions will actually come true.