Bitcoin could be worth $1.36 MILLION by 2030, ARK Invest says 🚀
Overall, ARK Invest argues that Bitcoin has "significant appreciation potential" — and that its total market cap could scale by 25x over the next decade.A single Bitcoin could be worth $1.36 million by 2030, according to a bullish new report by ARK Invest.
At the time the report was being prepared, BTC had a market cap of $1.1 trillion — compared with $10 trillion for gold and $106 trillion for global equities. ARK Invest also points to charts that indicate Bitcoin holders are focused on long-term fundamentals — with more than 500,000 addresses holding on to the digital asset despite its volatility. Collectively, they own 13.5 million BTC, accounting for the vast amount of the 19 million BTC in circulation.
Overall, transfer volumes in 2021 increased by 463% too — hitting $13.1 trillion. As a result, the organization says that annual settlement volumes have now surpassed Visa. ARK points to the successful Taproot upgrade, the continued growth of the Lightning Network and the arrival of Wrapped Bitcoin as proof that Bitcoin can continue to scale in response to technological breakthroughs.
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