ARK raises its 2030 Bitcoin bull market forecast to $2.4 million, citing institutional investment as the main reason

According to Golden Finance, ARK Invest has raised its price target for Bitcoin in the 2030 bull market scenario to approximately $2.4 million in its latest report, with a base scenario of $1.2 million and a bear market scenario of $500000. The report states that 'institutional investment contributes the most to bull market scenarios'. ARK states that Bitcoin is increasingly being accepted as a "more flexible and transparent means of storing value".