ARK raises Bitcoin's 2030 bull market target price to $2.4 million According to Bitcoin Magazine, ARK Invest has raised its target price for Bitcoin's 2030 bull market scenario from $1.5 million to $2.4 million, with an estimated annual growth rate of 72%. This forecast takes into account institutional investment's penetration rate of 6.5% in the global market portfolio, Bitcoin replacing 60% of gold's market value, emerging market hedging demand, and growth in on chain financial services, and adjusts the model based on Bitcoin's "active supply". ARK points out that most valuation models do not reflect the scarcity and lost supply of Bitcoin. According to the "Big Ideas 2025" report previously released by ARK Investment Management, ARK expects the price target for Bitcoin by 2030 to be around $300000 in the bear market scenario, $710000 in the benchmark scenario, and $1.5 million in the bull market scenario.