Price Prediction
Bitcoin Reaches $1 Million by 2030: ARK Invest Scenario
Coinbase CEO Brian Armstrong and ARK Invest predict Bitcoin could reach $1 million by 2030. This would require a significant shift in wealth storage and adoption. The article discusses the scale of adoption needed and the potential market capitalization of Bitcoin at $1 million, noting that this does not mean $20.5 trillion in new cash must enter the market. The next halving of Bitcoin is estimated for 2028, and a regulated route to Bitcoin exposure through US spot Bitcoin exchange-traded products (ETPs) is expected in 2024.