ARK Invest Lifts Bitcoin Bull Case To $2.4M by 2030

Fund manager Ark Invest has raised the Bitcoin's most optimistic prophecy to $ 2.4 million by 2030 – out of $ 1.5 million previously – writing a speedy adoption of the institution as a major driver.

Ark analyst David Puell detailed the updated forecast In an April 24 report, the target of the firm and base case case was also raised to $ 500,000 and $ 1.2 million, respectively. Each scenario reflects the growing confidence in integrating Bitcoin into the traditional financial system.

In the case of the Bull, Puell is projecting Bitcoin can capture 6.5% of the $ 200 trillion global financial market, driven by increasing appeal as both a value store and a macro hedge. He also sees the BTC that potentially captures 60% of the $ 18 trillion market cap of gold as it is widely accepted as “digital gold.”

Bitcoin supply to exchanges drops to the lowest levels in more than 6 years

Supporting the narrative of the speeding institutional adoption, the digital digital assets mentioned in a post on April 24 in X that Bitcoin held in exchanges has dropped to its lowest level since 2018.

➡️ 2.6m BTC in exchanges, lowest levels since November 2018.
➡️ More than 425K Bitcoin has moved into exchanges since November 2024.
➡️ Public companies have added nearly 350K Bitcoin post-US elections.
➡️ Public companies buy more than 30K Bitcoin each month until now in 2025.

– Fidelity Digital Assets (@digitalasets) April 24, 2025

The BTC held by the exchanges fell to around 2.6 million after more than 425,000 BTC moved on to these platforms since November last year, it said.

The firm relates to the rejection of the long -term purchase of public companies – a moment expected to accelerate in the near term.

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