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CoinGape 2025-02-04 19:22:50

Ark Invest Says Bitcoin on Track to Meet 2030 Price Target

American asset management firm Ark Invest has released its “Big Ideas 2025” report, sharing insights on Bitcoin (BTC) and other aspects of the blockchain ecosystem. In the report, the asset managers highlighted the growing adoption of Bitcoin by public companies, and the key catalysts that sets it up for success. The Ark Invest Prediction for Bitcoin According to the ETF issuer’s report , a total of 74 public companies now hold Bitcoin on their balance sheets. The report highlighted that the value on corporate balance sheets quintupled during the past year, from $11 billion in 2023 to $55 billion. Among the firms with a Bitcoin portfolio include MicroStrategy, Boyaa Interactive and crypto mining firm MARA Digital. Ark Invest also hinted at the resilience of Bitcoin in the past few years as it absorbed major selling pressure. In 2024 alone, the report highlighted German government BTC sales, Mt.Gox selloff and shift in US Government holdings as headwinds the coin survived. The asset manager said Bitcoin price is on track to hit its 2030 price target of $1.5 million. It unveiled three unique scenarios including bear case, base case and the bull case. In the bear case, Ark Invest predicted a $300,000 price target. The firm predicted $700,000 target for base case and $1.5 million bull case by 2030. Ark Invest and Broader Industry Outlook The report also touched on other aspects of the digital ecosystem including the emergence of AI agents and trends in stablecoins. Recognizing how Artificial Intelligence has been shaping the world, it predicted faster monetization trends for firms like OpenAI. Specifically, it noted that OpenAI can surpass $10 billion revenue this year, faster than social media firms. Meanwhile, there is a growing competition in the AI ecosystem, stirred by China’s DeepSeek. Amidst this, OpenAI launched ChatGPT for agencies in the US to enhance security. Ark Invest noted that this rapid innovation will stir increased demand moving forward. The investment giant also touched on stablecoin, considered one of the fastest growing segments in the industry. Stablecoin volume touched $270 billion in 2024 with Solana, Tron, Ethereum and Base in the spotlight. In addition, Ark Invest touched on Digital Wallets, and scaling solutions as innovations to watch out for. The Changing Crypto ETF Scene Beyond the Big Ideas 2025 report, the Cathie Wood-led firm is a big participant in the digital currency ecosystem. Beyond its issuance of spot Bitcoin and Ethereum ETF products, many expect it will join the growing list of firms pushing for alternative ETF approvals with the US Securities and Exchange Commission (SEC). While its key partner 21Shares filed for Polkadot ETF product recently, experts believe Ark Invest will make related move soon. The new leadership change at the US SEC is considered a positive factor to drive this major pivot to more altcoin ETFs for the firm. The post Ark Invest Says Bitcoin on Track to Meet 2030 Price Target appeared first on CoinGape .

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