Ark Invest Forecasts Bitcoin Could Reach $683,000 by 2030 as Crypto Adoption Accelerates
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Cathie Wood's Ark Invest believes the crypto market could grow to $20 trillion by 2030, implying 1,100% upside for Bitcoin based on its current crypto market share.
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Bitcoin prices are driven by supply and demand; supply is limited while institutional and retail demand is growing.
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Spot Bitcoin ETFs from major asset managers could significantly boost Bitcoin demand by making access easier.
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Ark Invest forecasts Bitcoin prices approaching $683,000 by 2030, over 1,400% upside.
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Bitcoin is a risky, volatile asset that may reward patient investors willing to stomach potential 45%+ drawdowns.