The price will reach $2.4 million. That’s what ARK Invest just said with Bitcoin.
These Wall Street wise guys, led by Cathie Wood and her crew, are now betting the house that Bitcoin could hit $2.4 million per coin by 2030. Two point four million. That’s a lotta zero.
Three things
Now, don’t get me wrong, ARK’s always been bullish, but this is next-level. Their bear case, the worst-case scenario, is half a million bucks.
The base case? A cool $1.2 million. Either way, you’re not buying just a pizza with that kind of coin, you’re buying the whole pizzeria.
So, what’s got ARK puffing out their chests? Three things. First, the big institutional players, like hedge funds, pension managers, the suits are finally getting off the sidelines and putting real money into Bitcoin.
Second, Bitcoin’s stepping into gold’s shoes, playing the digital gold role. They’re talking about Bitcoin eating up 60% of gold’s $18 trillion market cap.
That’s not just a bite, that’s a full Thanksgiving dinner. And third, in emerging markets, where inflation’s eating savings alive, people are looking at Bitcoin as a safe haven. Forget hiding cash under the mattress, now it’s all about digital wallets.
Two yachts
If ARK’s wildest dreams come true, Bitcoin’s market cap would balloon to $49 trillion. That’s more than the combined GDP of the U.S. and China. You want to talk about making it big?
That’s the kind of money that gets you your own country club, with change left over for a yacht or two.
But not everyone’s buying the hype. Some sharp minds on X are saying, hey, slow down.
These numbers are built on a lotta hope, mass adoption, crazy institutional FOMO, and a world where fiat money’s worth less than a parking ticket.
Even some crypto diehards are raising eyebrows, warning that these forecasts need a reality check. You don’t want to end up like the guy who bet the family bakery on Beanie Babies.
One Bitcoin
On the other hand, Bitcoin’s not exactly slouching. It’s trading near $94,000, with bulls and bears slugging it out at the $100K resistance.
Technicals are flashing green, but we’ve all seen this movie before, one minute you’re riding high, next minute you’re sleeping with the fishes, financially speaking.
So, is this the start of a new Bitcoin dynasty, or just another tall tale from the street?
I don’t know, but if you’re betting on $2.4 million Bitcoin, you better have nerves of steel, and maybe a good luck charm too.
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