Ark Invest Forecasts $1.48 Million Bitcoin Price by 2030 on Growing Adoption

Cathie Wood's Ark Invest has a $1.48 million price target for Bitcoin by 2030 based on increased demand from emerging markets, high-net-worth individuals, institutions, and as an alternative to gold. This represents over 2,100% upside.

Ark outlines bear, base, and bull case scenarios for Bitcoin, with targets of $258,500, $682,800, and $1.48 million by 2030.

Recent developments like spot Bitcoin ETF approvals could drive further adoption and demand from investors.

Bitcoin has achieved over 1,500% returns over the past 5 years, but with high volatility including 50%+ drawdowns.

Bitcoin may be a good investment for long-term, risk-tolerant investors, even with a small portfolio allocation.