Bitcoin Soars Over 1,000% in 5 Years With Potential for Far More Growth, Says Ark Invest
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Bitcoin has vastly outperformed other major asset classes over the past 5 years, returning over 1,000% since 2019 and compounding at 65% annually.
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Ark Invest has set a bull case target of $1.48 million per Bitcoin by 2030, implying upside of 2,860% from current prices.
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Recent spot Bitcoin ETF approvals could boost demand by making exposure easier for mainstream investors.
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The next Bitcoin halving event in April 2024 will cut the new supply of Bitcoin in half, reducing selling pressure.
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Bitcoin has been volatile but patient investors who hold for 5+ years have historically made strong profits despite drawdowns.